Private credit lenders in talks to provide $1.3bn for L Catterton's Fullscript buyout
Tuesday, November 10, 2026 · first reported by Private Equity Wire
A group of private credit lenders is in talks to supply $1.3bn of financing for L Catterton's purchase of healthcare technology platform Fullscript, according to Bloomberg as relayed by Private Equity Wire. The debt had been underwritten by a Morgan Stanley-led bank group at a maximum spread of four percentage points over the benchmark rate, but early talks with leveraged loan investors drew too little interest.
L Catterton and co-investor Altas Partners are buying a majority stake from HGGC and Snapdragon Capital Partners. The deal, announced in September, is expected to close on Tuesday, 10 November. Financial terms were not disclosed.
- Firm
- L Catterton
- Also named
- Altas Partners, Fullscript, Apollo Global Management, Blue Owl Capital
- Deal value
- $1.3B
- Asset class
- Private equity, Credit
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