Crescent Capital Group’s Crescent European Specialty Lending strategy has co-led the financing for Exponent Private Equity’s acquisition of The BBI Group, a Cardiff, UK-based company specialising in products and technologies in the diagnostics, healthcare, research, defence and food industries, from Waltham, Massachusetts-based Alere, Inc.
EQT Credit and Babson Capital also provided funding for the transaction.
“We are pleased to support Exponent’s acquisition of BBI, one of the UK’s leading and longest-serving companies in the global diagnostics industry,” says Christine Vanden Beukel (pictured), Managing Director and head of Crescent’s European Specialty Lending strategy. “Our European Lending Strategy continues to meet the growing need for capital among middle-market companies that are constrained by changes in the lending market across the region and sponsors that seek experienced lenders that understand their needs.”
