Banks Vie to Underwrite £5 Billion Intertek Buyout Debt

Bankers are lining up debt packages of about £5 billion ($6.7 billion) to back a potential takeover of British product-testing firm Intertek Group Plc by private equity firm EQT AB.

The financing is expected to comprise leveraged loans and high-yield bonds, the people said. The debt is likely to be issued in euros and dollars, allowing the buyout firm to tap multiple investor pools and secure more favorable terms.

The deal, if it goes ahead, will join a growing number of M&A financings that offer Wall Street a chance to compete for some of the most lucrative business in ...