Banks Prep £1.2 Billion Debt Package for CVC’s Smiths’ Unit Buy

Banks are preparing to sell a jumbo debt financing backing the carveout of a unit of Smiths Group Plc that makes airport security scanners, the latest buyout financing set to...

By Claire Ruckin · Bloomberg Markets

Banks are preparing to sell a jumbo debt financing backing the carveout of a unit of Smiths Group Plc that makes airport security scanners, the latest buyout financing set to come to market in a pick up of M&A activity.