PwC’s dealmakers have carved a deal out of the construction sector’s fight against higher costs.
Its restructuring unit has been called in to cranes and rigging business Titan Group, which is understood to be after a quick sale or a new equity backer.
Titan’s doing $35 million EBITDA a year but seems to have run into some trouble with its lenders. Given its national presence and scale, it won’t be surprising for big-league players such as Coates Hire and Emeco to take a look.
Speaking of lenders, KKR’s Laser Clinics went back to its trusty ones – Partners Group, Nomura and Barings – to pick up a $300 million loan package to fund an expansion.
