Praesidian Capital Europe Secures £50 Million for New Lending to Lower Middle Market Companies
11 September 2017 - 9:00AM
Business Wire
Private Debt Investments Available in the
UK, Germany and Northern Europe
Praesidian Capital Europe (“Praesidian”), a leading provider of
long-term growth capital in the United Kingdom and Northern Europe,
announced today it has secured a £50 million facility in concert
with GB Capital, LLC, an affiliate of Eli Global, LLC, a Durham,
North Carolina-based transnational financial services and private
equity firm. Praesidian will use the new facility in continuing to
source, evaluate and manage loans to lower middle market companies
across the United Kingdom, Germany and Northern Europe.
Praesidian was launched in 2013 by its New York-based parent
company, Praesidian Capital, to provide tailored senior and
subordinated debt to private lower middle market businesses in the
United Kingdom, Germany and selectively Northern Europe. The firm’s
first fund provided loans to fund a broad range of transactions
from sponsored and non-sponsored buyouts and growth capital for
businesses ranging from mortgage brokering and building products to
medical laboratories and nutritional foods.
Loans both in the US and Europe generally range in size from £5
million to £15 million, with the European market being more senior
debt focused. Praesidian is currently investing its fourth US
fund and will soon embark on its second European fund.
“Eli Global is a well-established private investment company
with a worldwide reach and expertise in financial services. The
relationship further validates our UK-based platform,” stated Jason
Drattell, Founder and Managing Partner of Praesidian. “This
facility provides additional capital as we continue providing
necessary lending services to growth-oriented businesses following
a first fund that prove highly successful for investments in the UK
and Germany.”
Praesidian’s London-based team is led by Serkan Dede and Rupesh
Patel. They can be reached online at the company’s website at
www.praesidian.com or at europe@praesidian.com.
This press release has been approved for the purposes of the
Financial Services and Markets Act 2000 by Praesidian Capital
Europe LLP, which is authorised and regulated by the Financial
Conduct Authority with registration number 606095. Praesidian
Capital Europe LLP carries on business in the UK with professional
clients only.
About Praesidian Capital Europe
Praesidian Capital Europe is an innovative private investment
firm focused on providing senior and subordinated growth capital to
established lower middle market businesses in the United Kingdom,
Germany, and selectively in Northern Europe. Established in 2013
and based in London, Praesidian invests in private small and
mid-sized companies, often in connection with management buyouts,
recapitalizations or refinancings. Together with its parent
company, Praesidian has nearly $1 billion in original capital
commitments in aggregate. For more information, visit
www.praesidian.com.
About Eli Global
Founded in 1991, Eli Global, LLC (“Eli”) is a group of
autonomous companies investing in a diversified range of industries
including insurance, financial services, healthcare services,
information technology, marketing and sales, publishing,
distribution, market research, business information, debt
collection, credit management services, mortgage origination, and
others. Eli is privately held and invests with a buy and build
strategy, owning and operating approximately 60 separate portfolio
companies. Through its insurance holdings, Global Bankers Insurance
Group, Eli invests across a wide spectrum of credit assets. Eli
employs approximately 5,000 employees in various countries,
including the United States, Canada, England, Ireland, Malta,
India, Australia, New Zealand, India, the Philippines and Bermuda.
For more information, visit www.eliglobal.com or
www.globalbankerscapital.com.
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