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Deutsche gets ball rolling at Public Hospitality recapitalisation

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There’s no rest for the creditors of Jon Adgemis’ embattled pub and hotel empire.

Street Talk can reveal Deutsche Bank, which pocketed a sweet cheque on its sale of debt to US private credit group Muzinich, has pressed play on its recapitalisation of the group’s venues and related loans.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/deutsche-gets-ball-rolling-at-public-hospitality-recapitalisation-20240703-p5jqv3