Brookfield targets $600m dividend from HomeServe in proposed asset-backed refinancing
Brookfield Asset Management is looking to extract a $600m dividend from HomeServe through a proposed $1.8bn whole-business securitisation, as the private markets investor explores another way to generate liquidity from its portfolio, according to a report by Bloomberg.
Brookfield Asset Management is exploring a $1.8bn whole-business securitisation of HomeServe, aiming to generate a $600m dividend for the private equity firm. The UK home-repairs provider is in preliminary discussions with lenders over the asset-backed financing, with Jefferies leading the proposed deal. The transaction would refinance existing HomeServe debt and fund the dividend, illustrating how whole-business securitisations can provide private equity owners with an alternative route to returning capital without selling an underlying portfolio company.
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