A string of large dividend recapitalisations have surfaced in Europe's leveraged loan market as private equity companies take advantage of strong demand to releverage businesses and win substantial pay-outs. French funeral firm ogf closed a €1.02bn dividend recap last week, while Spanish sports management company dorna sports launched an €889m-equivalent financing to pay a dividend of €200m-€300m to owners Bridgepoint and Canada Pension Plan Investment Board.
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