Beechbrook Capital, a specialist direct lender, has completed two further investments from its most recent fund, Private Debt III.
Beechbrook managing partner Paul Shea says: “We are delighted to have added to the portfolio, investing alongside two high-quality private equity funds. Deployment continues to be on track as we approach the final close of the fund later this year.”
The fund has provided a mezzanine loan and equity co-investment to support H2 Equity Partner’s acquisition of Search Consultancy, a UK recruitment business which provides both temporary and permanent staff.
Patrick Kalverboer, managing partner, H2 Equity Partners, says: “We are pleased to have worked with Beechbrook in providing funding towards the acquisition. Their commercial approach was instrumental in completing this transaction within the tight timeframe.”
The fund has also provided a mezzanine loan and equity co-investment to part-finance the acquisition of Brand Addition by Elysian Capital. Brand Addition is Europe’s largest supplier of promotional merchandise.
Elysian Capital investment director, Jack Jacovou, says: “The Beechbrook team delivered a key part of the transaction financing. Their swift decision-making process was a clear differentiator and allowed us to manage the financing process effectively.”
The two transactions mark the fourth and fifth investments made by Beechbrook’s Private Debt III fund, which has now deployed EUR42.6 million.
