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The unitranche loan contributes to Bregal Freshstream’s acquisition of a majority stake in Dutch petrochemical company Verwater.
.jpg?id=12885039784 "Ver completes first close on Italian fund")
The firm is aiming to raise €150m for its fund, which invests in the Italian mid and large end of the market.
Alistair Hay joins the firm from Ernst and Young as Cavendish looks to expand its presence in the private debt market.
Lisa Davis joins the firm, where she will also assist in originating investments targeted at reviving struggling communities.
Invoice financing has now entered the mainstream as UK companies seek to diversify their funding options, claims the Asset Based Finance Association. Its latest report shows UK lending surpassed £20bn in the last year.
Martin Sharkey joins the firm after 13 years at Clifford Chance. His appointment is part of Dentons’ plan to bolster its presence in the European CLO market.
The transaction was completed from the NOVO 2 fund, a €500m vehicle. The firm expects the fund to be fully invested in the next 12 months.
Marcus Maier-Krug joins the firm following the departure of Klaus Petersen last month.
A number of recent reports have attempted to shed light on what Brexit might mean for the private debt industry. They appear to offer encouragement, but caution needs to be exercised.
GSO’s €625m unitranche package to finance the merger between plastics firms Polynt and Reichhold was a record for the European private debt market.