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Debenhams’ Lenders Seize Control Of Their Investment | News

by thetimes.co.uk posted 4months ago 23 views
The future of Debenhams now rests with a disparate group of hedge funds and banks that have taken control of the 241-year-old lender in the wake of its administration. The department store chain’s new owners are understood to include the American hedge funds Silver Point Capital and GoldenTree Asset Management as well as Alcentra, a debt-focused investor that is a subsidiary of Bank of New York Mellon. Bank of America, Bank of Ireland, Barclays and HSBC are also among the group of creditors that are now in charge of the business.

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