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The US-headquartered firm has established a vehicle to manage shipping loans as banks continue to reduce their exposure to the beleaguered industry.
The Australian firm has supported The Mater Private Hospital’s refinancing with a €300m loan, one of the largest transactions completed in the European market.
.jpg "Proskauer eyes post-Brexit opportunity with hire – exclusive")
There is optimism at Proskauer that Brexit will result in the further development of the private debt market. The appointment of Ben Davis from Reed Smith is an attempt to seize on those opportunities.
The £20m credit facility can be accessed by Rentplus over the next two years, as it continues its plan to build 5,000 more homes in the UK by 2020.
The firm is on track with its divestiture programme as the latest sale completes its exit from the French consumer finance market.
GLAS has appointed Paul Wilden to head up its operations in the Asia Pacific market. The firm will base its Asian operations in Singapore.
The latest report from Marlborough Partners shows a 30% drop in the issuance of leveraged loans in the UK and a 4% decline across Europe in the run up to Brexit.
Following recent legislative changes allowing international funds to originate loans in Italy, debt managers are getting excited about prospects. But a number of glitches are still stopping the nation’s debt market from truly taking off.
The investment will be ploughed into the firm’s global expansion plans.
.jpg?id=19327370348 "KKR-backed Pillarstone begins Sirti turnaround plan")
Pillarstone has acquired a 100% stake in the Italian telecoms company, assuming its debt obligations.