Alpstar Capital, a European asset manager and investment adviser, has bought a company in the cement sector in the Netherlands and has completed a direct lending facility to an energy-related company in Spain.
"We are delighted to have completed two private transactions that evidence our credit skills in identifying and participating in undervalued asset opportunities," says Nicolas Bravard, Alpstar managing partner.
The acquisition of MGP, or Cementum, was completed last week with an industrial partner. Rabobank provided the financing.
Direct lending was provided to Esinor, a firm active in energy and telecommunications in Spain.
Alpstar intends to build out a larger business in distressed investing and direct lending, and expects these two transactions to serve as anchor deals in a special situations type structure. The vehicle will employ a "loan to own" strategy, among others.
Alpstar Capital and its affiliates maintain offices in London, Geneva and Madrid.
