Rachel McGovern
The regional lender has moved assets across to its investor portfolio and securitised and sold a €178 million mezzanine tranche.
The distressed debt investor will convert credit holdings into equity and provide the company with DIP financing as part of a pre-pack restructuring plan.
The private equity investor has raised over $200 million more than its initial $400 million target for its first private debt fund.
The Swiss-headquartered firm reported an increase in private debt EBITDA even as overall EBITDA fell on the back of the strengthening Swiss franc.
The sale of Northern Irish Project Eagle to Cerberus is already under investigation by the National Crime Agency following allegations that fees were being channelled to an unidentified Northern Irish politician.
The London-based firm has made two new direct lending hires to head up activities in France and Spain.
Senior Debt Partners II reached its first and final close this summer.
PDI is asking investors some key questions, mainly for the benefit of debt managers. But managers should also be doing more to explain themselves to investors.
Both new hires joined in March and boost the private debt and venture capital teams.
The final bidding round for GE Capital’s Australian mid-market lending units reportedly includes three prospective buyers.