Crescent Capital Group’s European Specialty Lending strategy has completed a unitranche financing to support the refinancing and recapitalisation of Interfloor Group Ltd.
Interfloor, majority-owned by Milestone Capital Partners LLP, also refinanced the mezzanine facility provided by Hutton Collins Partners LLP, which remains a minority shareholder.
This financing is consistent with Crescent’s longstanding commitment to providing access to capital for middle market companies in Europe as well as the US.
“We are pleased to have completed this unitranche refinancing with Milestone Capital in support of the continued growth of Interfloor,” says Christine Vanden Beukel, Managing Director and head of Crescent’s European Specialty Lending strategy. “This transaction is part of the increased interest we have seen from sponsors and management teams to access capital through unitranche financings provided by established alternative asset managers like Crescent.”
Lancashire-based Interfloor manufactures a wide range of products including the three most popular forms of underlay – polyurethane foam, sponge rubber and crumb rubber—as well as carpet gripper, floor edgings, flooring adhesives, tapes and tools. Interfloor’s brands include some of the most prominent names in the flooring industry including Duralay, Tredaire, Gripperrods and Stikatak.
Interfloor, majority-owned by Milestone Capital Partners LLP, also refinanced the mezzanine facility provided by Hutton Collins Partners LLP, which remains a minority shareholder.
This financing is consistent with Crescent’s longstanding commitment to providing access to capital for middle market companies in Europe as well as the US.
“We are pleased to have completed this unitranche refinancing with Milestone Capital in support of the continued growth of Interfloor,” says Christine Vanden Beukel, Managing Director and head of Crescent’s European Specialty Lending strategy. “This transaction is part of the increased interest we have seen from sponsors and management teams to access capital through unitranche financings provided by established alternative asset managers like Crescent.”
Lancashire-based Interfloor manufactures a wide range of products including the three most popular forms of underlay – polyurethane foam, sponge rubber and crumb rubber—as well as carpet gripper, floor edgings, flooring adhesives, tapes and tools. Interfloor’s brands include some of the most prominent names in the flooring industry including Duralay, Tredaire, Gripperrods and Stikatak.
