LONDON, July 18 (Reuters) – Banks are gearing up to launch a jumbo US$ 7.75bn-equivalent debt financing backing US life sciences company Avantor’s take-private of lab supplies company VWR Corp, banking sources said.

Avantor, owned by New Mountain Capital, announced on 5 May it would buy VWR Corp for about US$ 4.38bn.

Goldman Sachs, Barclays and Jefferies have underwritten the debt financing and are preparing to launch syndication, which could happen within the next week in a bid to sell down risk before the summer period kicks in, the sources said.

If the financing hasn’t launched by around July…
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