Banks Kick Off Talks on Lone Star’s €1.5 Billion Lonza Unit Debt

Banks are preparing to sell €1.5 billion ($1.75 billion) of debt financing backing Lone Star Funds’ acquisition of Lonza Group AG’s capsules and health ingredients business.

Goldman Sachs Group Inc. and Jefferies Financial Group Inc., the lenders leading the transaction, are currently sounding out appetite among a select group of investors, according to people familiar with the matter. The financing is then expected to launch for general syndication this quarter, they added, asking not to be identified because the deal is private.