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CVC Credit Partners (CVC Credit) has priced Cordatus XIX, a Collateralised Loan Obligation (CLO) fund totalling EUR379 million arranged by Barclays.
This will be the fifth CLO fund raised by CVC Credit in 2020 and increases our aggregate global issuance for the year to cUSD2.0 billion (cEUR1.7 billion). It is also the third European CLO fund raised, following the closing of Cordatus XVII in June (EUR290 million) and Cordatus XVIII in November (EUR383 million), together these three funds total more than EUR1 billion.
Cordatus XIX was assembled in just six weeks from a warehouse which opened in October and
Chicoa Fish Farm, a Mozambican-based company addressing the critical challenge of a lack of affordable protein in Southern Africa, has closed a Series A equity funding round totalling USD1.5 million from Goodwell Investments.
Chicoa Fish Farm was founded by Gerard McCollum and Damien Legros in 2015 with the vision to provide a blueprint for a sustainable aquaculture industry across Africa. Since its inception, Chicoa has focused on securing its supply chain through primary production of tilapia, establishing a breeding program, and developing sales and distribution channels in Mozambique, Malawi, South Africa, and Zambia.
The USD1.5 million Series A funding boosts
Abris CEE Mid-Market III LP fund, managed by Abris Capital Partners (Abris), aprivate equity investor focused on Central Europe, is to acquire 100 per cent of the shares in Scanmed – a Poland-based healthcare network operator – from Life Healthcare Group Holdings Limited (Life Healthcare).
The transaction is subject to regulatory approvals and is expected to close in the first quarter of 2021.
For more than a decade, Scanmed has offered its patients access to comprehensive treatment methods, technologically advanced and high-quality medical equipment and experienced specialists to facilitate their recovery. The company operates in 42 locations across Poland, providing
ADM Capital, a Hong Kong headquartered investment manager with specialist experience in Asia Pacific credit and sustainable investment, has received a USD100 million seed commitment from the Asian Infrastructure Investment Bank (AIIB) to launch a new USD-denominated Asia-focused debt fund dedicated to renewable energy called the ADM Capital Elkhorn Emerging Asia Renewable Energy Fund.
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Private credit managers will provide more than USD100 billion of financing during 2020 as economic uncertainty and low interest rates are reducing the attractiveness of traditional fixed income assets, according to research published by the Alternative Credit Council and Allen & Overy.
The ACC’s 6th ‘Financing the Economy’ research paper showed that 88 percent of firms expect to continue raising capital for their existing strategies, and 98 per cent of businesses plan to raise capital for some form of private credit strategy in 2021.
According to Sanjeev Dhuna, a London-based Allen & Overy partner and head of the firm’s
Pan-European private equity firm Silverfleet Capital has agreed to sell its majority stake in 7days, a German supplier of workwear for the healthcare industry, to a consortium of private equity firms, Chequers Capital and Paragon Partners, generating a 3.1x gross money multiple.
Completion of the transaction is subject to regulatory approval and is expected by January 2021.
Founded in 1999 in Lotte, Germany, 7days is a leading supplier of modern and innovative medical workwear. 7days designs, produces and offers a wide range of high-quality products ranging from tunics to lab coats to more than 300,000 medical professional customers in
Icelandic airline software vendor Dohop has raised an undisclosed growth equity round from Scottish Equity Partners (SEP).
With this investment, Dohop will be able to accelerate its plans to transform how airlines and other travel providers enable passengers to build complex itineraries as the global travel industry transforms in the wake of the Covid-19 pandemic.
Dohop’s unique virtual interlining technology allows its airline partners to seamlessly connect with each other, and with other travel providers, without relying on legacy booking systems and complex and inflexible interline agreements. A passenger can find and book an itinerary composed of flight segments from
Vala Capital, an entrepreneur-led venture capital firm, has launched the Vala Sustainable Growth EIS (enterprise investment scheme) targeting small companies focused on sustainable solutions.
The launch comes on the back of ever-increasing demand from investors wanting funds focused on sustainable strategies. A recent survey of high-net-worth investors by Vala and WealthClub showed that 77 per cent believe small, innovative companies have a major part to play in tackling sustainability challenges. Some 60 per cent of investors surveyed said ESG played a part in their investment decisions.
The Vala Sustainable Growth EIS will consist of up to 10 companies and
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