Entities LGT European Capital Limited (“LGT European Capital”) provides investment management services to acted as sole arrangers and underwriters of a unitranche financing to support the acquisition of EfectoLED and iWatMotion (the “Group”) by Miura Private Equity in Spain.
Furthermore LGT European Capital has successfully arranged two unitranche facilities in Italy to support the acquisition of FairConnect in September 2018, and the buyout of AEB in October 2018.
It is the second time that entities to whom LGT European Capital provides asset management services had arranged unitranche financing in Spain this year, including the refinancing of Tiendanimal, another portfolio company of Miura Private Equity, in January 2018. This fourth unitranche investment in Spain evidences willingness of entities advised by LGT European Capital to further develop investments in the attractive Spanish market.
LGT European Capital has also been consistently looking for attractive investment opportunities in the Italian market, with a focus on private debt investments for buy-outs led by mid-market private equity firms. The team identified FairConnect and AEB as highly attractive investments, and ultimately backed the successful buyouts of the two companies. Those deals evidence the desire of entities advised by LGT European Capital to offer private debt financing solutions to leading companies in the attractive growing Italian market.
More details can be found in the media releases.