ESO Capital, previously the sole debt financier of a restaurant chain, has now moved to provide a mezzanine facility with the original financing being renegotiated.
1 min read · 04 July 2017
Optimum Credit has raised £256m from the capital markets for its first issuance after pricing senior notes at 95 bps. It is the first second charge mortgage securitisation since the global financial crisis.
2 min read · 03 July 2017
The acquisition will allow the firm to enter the smaller end of the loan market, providing financing of up to €1m to small businesses.
1 min read · 30 June 2017
A leading regulatory lawyer has warned that private debt and other alternative asset GPs may be burdened with inappropriate rules if they don’t participate.
2 min read · 30 June 2017
As competition causes yields to fall within private debt products, managers could find greater success touting the asset class’s diversification benefits.
2 min read · 29 June 2017
The €650m deal involved moving assets from Recovery Fund 2008, which counted Teachers' Retirement System of Louisiana as an investor, into a new vehicle managed by the mezzanine firm.
2 min read · 29 June 2017
Despite the recovery of M&A deal value over the last six months, the lack of activity in the mid-market is a negative for private debt providers.
1 min read · 29 June 2017
A new report finds almost half of asset managers reviewing investment structures to make sure they are compliant with the OECD initiative.
2 min read · 29 June 2017
The firm has provided a unitranche facility aiding the buyout of two brands for anti-fungal topical ointments.
1 min read · 28 June 2017
Quarterly reports to investors must be explicit on the use of subscription credit lines, while LPs must ask for data that discounts the impact of borrowed cash, the lobby group recommends.
3 min read · 27 June 2017
