Francesca Veronesi

Private credit funds and banks are in talks to provide as much as €1 billion ($1.1 billion) to fund a potential buyout of French cybersecurity specialist Exclusive Networks SA, people with knowledge of the matter said.

Bain Capital and CVC Capital Partners are among private equity firms considering indicative offers for French software firm Orisha, which may be valued at as much as €2 billion ($2.1 billion) in a deal, according to people with knowledge of the matter.

The high interest rate environment is creating tension between private equity and private credit lenders as their portfolios come under pressure, Tikehau Capital’s Head of Private Debt Cecile Mayer-Levi, said in an interview with Bloomberg TV.

Dealmaking is poised to accelerate this year as private equity and private credit funds face renewed pressure to return money to their investors, participants at the SuperReturn International conference in Berlin said.