Anna Devine
In late 2013, US private equity firm Apollo Global Management spotted an opportunity in the Tragus Group, one of the biggest restaurant chains in the UK, seizing control from erstwhile owner, Blackstone. The loan-to-own investor’s initial investment and subsequent debt for equity swap is seen by some in the market as ‘best in class’. Anna Devine examines the essential ingredients.
Now it’s up to managers and the wider debt community to work together with borrowers and investors to facilitate sound investment, PDI hears. Anna Devine responds.
.jpg "Muzinich inks first Italian private debt deal")
The corporate credit specialist has sealed the first deal from its maiden Italy-focused private debt fund.
.jpg "SVP appoints prominent Spanish banker to advisory council")
Jose Barreiro will help SVP Global to identify and create attractive investment opportunities.
.jpg "UK P2P lender links savers with real estate")
Alternative lender Fruitful has launched a product which will offer a current interest rate of six percent.
.jpg "Scottish housing group issues £250m bond")
Landmark transaction involving Wheatley Group, Scotland’s largest housing, care and regeneration organisation, is more than £125 million oversubscribed.
.jpg "Alcentra closes direct lending fund on €850m")
The fund is already 50 percent invested with the unitranche offering in high demand, chief investment officer Paul Hatfield (pictured) told PDI.
.jpg "KKR and Temporis back UK wind turbines")
The £200 million lending platform announced earlier this month has provided its first investment.
Dividend recaps continue to rise however, as stated in Marlborough Partners’ third quarter report.
.jpg "ECM launches €750m infra debt platform")
Wells Fargo arm and credit manager ECM has launched a new strategy seeking to plug a financing gap in the European infrastructure market.