Crescent European Specialty Lending Announces Unitranche Funding & Fairness Co-Financial commitment for Administration Buyout of Texecom Ltd Supported By LDC
LONDON & LOS ANGELES, August 10, 2021–(Small business WIRE)–Crescent Funds Group LP, a main substitute credit history expense business, declared right now that its European Specialty Lending system has provided unitranche funding and an equity co-investment to support the administration buyout of Texecom Ltd, which was supported by LDC, the U.K.-primarily based non-public fairness arm of Lloyds Banking Group. Terms of the funding ended up not disclosed.
Headquartered in Lancashire, Texecom is the foremost maker of intruder alarm units in the U.K. with an mounted world-wide base of extra than one million alarm programs. The organization predominantly provides alternatives for commercial and industrial finish prospects and presents a total suite of protection options which includes intrusion detection hardware (control techniques, detectors, intrusion sounders, clever communicators) and electronic products and services, as nicely as mass notification alternatives made use of for hearth evacuations and industrial protection purposes.
“We think that this funding represents an superb chance to assistance Texecom’s management team’s vision, and we are thrilled to operate along with LDC to assistance the crew push growth and continue on their remakable trajectory,” claimed Christine Vanden Beukel, Managing Director and head of Crescent’s European Specialty Lending approach. “We are delighted to operate with LDC all over again, owning supported transactions involving ChargePoint Technology in 2017 and SRL Site visitors Systems in 2019. This financing is a different case in point of our capability to give adaptable funds options to primary private equity sponsors and sector-top firms.”
About Crescent Cash Group
Crescent Capital Team is headquartered in Los Angeles with workplaces in Boston, London, and New York. With much more than 85 expense experts and about 180 employees, the organization invests at all degrees of the funds construction, with a sizeable emphasis on below expense grade credit score by means of techniques that make investments in senior bank financial loans, unitranche loans, significant yield credit card debt, mezzanine debt, and other personal personal debt securities. As of December 31, 2020, Crescent Capital Group managed around $30 billion, with a rather equal split concerning marketable securities and privately originated debt investments. For additional details about Crescent Cash Team, go to www.crescentcap.com.
About LDC www.ldc.co.british isles/pressrelease
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LDC is the personal equity arm of Lloyds Banking Team and is authorised and regulated by the Money Perform Authority.
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LDC has committed to make investments £1.2bn in United kingdom mid-current market organizations above the future a few several years.
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LDC has a portfolio of 90 corporations across the United kingdom, throughout a wide range of sectors like Building & Residence, Monetary Solutions, Healthcare, Industrials, Retail & Client, TMT, Journey & Leisure and Help Providers.
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LDC has a nationwide community of regional places of work to supply a local existence to the enterprises and communities it supports.
Perspective supply variation on businesswire.com: https://www.businesswire.com/news/house/20210810005076/en/
Contacts
Crescent Money Team
Mendel Communications
Monthly bill Mendel, +1-212-397-1030
[email protected]