Citi, UBS Line Up €2 Billion Debt for Bain’s Apleona Buy

Citigroup Inc. and UBS Group AG are organizing about €2 billion ($2.1 billion) of funding to back Bain Capital’s acquisition of German facility-management company Apleona Group GmbH — a rare deal amid a dearth of acquisitions in recent years.

The two banks are leading the leveraged loan financing, which is due to be sold to institutional investors via a syndication process next month, according to people familiar with the matter who asked not to be identified because the deal is private. Other banks could join the process shortly, one of the people said.

Spokespeople for Bain, UBS and Citi ...