Deals

Praesidian provides first lien debt for UK education group

The debt package supports the group’s recapitalisation and future growth.

Capital Four backs Axcel acquisition of Orion Diagnostica

The Finnish diagnostics company offers significant opportunities for growth in the US market.

Ares BDC comprises majority of firm’s Q1 US direct lending commitments

The publicly traded vehicle reported a GAAP earnings per share of $0.57.

BKCC adds $127m to portfolio in first quarter

The New York-based BDC also shed all of its non-accruals over the quarter.

Kartesia completes first Baltics deal

The manager, which closed its latest fund on €870m in October last year, has provided a unitranche loan for Riga, Latvia-based GroGlass.

Apera provides debt finance for Ostertag acquisition

The unitranche facility is Apera’s first deal in the German market.

Mid-market lending report: Sector strategies in focus

The private debt landscape has broadened over the past decade, with many players increasing their expertise in specific sectors or strategies.

Macron reforms see French private companies lead Europe – report

Private firms are growing their share of Europe’s economy and increasing leverage levels to help them expand.

European default rate expected to rise

While still below the long-term historical average, a new S&P report says speculative grade defaults may reach 2.5% in 2018.

BC Partners to manage Marret Resource, shift focus to non-cyclical senior loans

The transaction would give BC Partners a second permanent capital vehicle, which would remain public.