Beechbrook Capital, a lower mid-market private debt manager, has now fully invested its first fund with the completion of four new transactions.
The recent investments are:
A unitranche loan and equity co-investment to support the buy-out by Baird Capital Europe and management of The SR Group, a global specialist recruitment firm.
A mezzanine loan and equity co-investment to support NBGI’s buyout of the cakes division of McCambridge.
A unitranche loan and equity co-investment to support the buy-out by a consortium of private investors of the GB division of Sitex Orbis, a leading provider of protection services to property owners.
A mezzanine loan and equity co-investment to help fund the roll-out strategy of a private equity owned business, active in electronic security systems.
These transactions bring the overall Beechbrook portfolio to 16 assets (representing circa EUR100m invested), spread across its four target regions: UK & Ireland, the Nordics, the Benelux and the DACH countries. They also underline the breadth of Beechbrook’s offer to SMEs and private equity sponsors, which includes unitranches, mezzanine loans, PIK loans and equity co-investments.
A first close for Beechbrook’s second fund is expected in early 2013, with a firm commitment already received from a large anchor investor and a number of other investors in the final stages of due diligence and legal documentation.
Beechbrook Capital’s team of investment professionals, led by Nick Fenn and Paul Shea, specialises in supporting SMEs across a range of industries in the UK and Northern Europe and with a typical enterprise value of EUR10m to EUR100m.
Beechbrook has also appointed a new partner, Michiel Boorsma. Boorsma joined Beechbrook from Nordic Mezzanine in 2010 and specialises in deal origination, execution and portfolio management.
