KKR Credit Continues to Extend Sponsor-Led Financing and Direct Lending Activity to Companies
November 28 2016 - 2:00AM
Business Wire
Latest transactions to provide financing to
Exterion Media in the UK and Roompot in the Netherlands
KKR today announced the closing of two direct lending
transactions, which will provide financing for Roompot, a leading
operator of holiday parks, and Exterion Media, a leading outdoor
advertising company in the UK and Europe.
The two transactions will deliver over $275 million in financing
and add to the track record of KKR’s European direct lending
platform which provides funding for medium-sized companies across
Europe in need of customized funding solutions beyond traditional
bank lending. Since 2014, the platform has deployed more than $1
billion across companies in the U.K., Ireland, Germany, Spain,
Portugal and the Benelux and sectors including industrials,
consumer, retail and care services, and has supported over a dozen
financial sponsors in their financing transactions.
Roompot is a leading provider of holiday parks and active in the
management and operation of parks and campsites, as well as acting
as a tour booking agent for over 200 parks across Europe. The deal
represents one of the largest unitranche financings in recent years
in the Netherlands. Over the last years, KKR’s private credit
business has participated in transactions for over $650 million
involving four major companies in The Netherlands.
Exterion Media provides advertising space at key transport and
retail spaces across the UK, France, Netherlands, Spain and
Ireland. KKR Credit has recently participated in and led 6 private
credit transactions for medium sized enterprises in the UK, of
which Exterion is the first post the Brexit referendum.
Marc Ciancimino, Member and Head of European Private Credit at
KKR, said: “Non-bank lending's structural importance in the
European market is growing, and KKR Credit continues to provide
alternative customized lending solutions that support the
individual needs of companies. The expansion in our direct lending
platform is testament to the value that these customized solutions
can bring to European corporates and their shareholders.”
-ends-
About KKR
KKR is a leading global investment firm that manages investments
across multiple asset classes including private equity, energy,
infrastructure, real estate, credit and hedge funds. KKR aims to
generate attractive investment returns by following a patient and
disciplined investment approach, employing world‐class people, and
driving growth and value creation at the asset level. KKR invests
its own capital alongside its partners' capital and brings
opportunities to others through its capital markets business.
References to KKR's investments may include the activities of its
sponsored funds. For additional information about KKR & Co.
L.P. (NYSE:KKR), please visit KKR's website at www.kkr.com and on
Twitter @KKR_Co.
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KKRLondonVictor MalletFinsburyPhone: +44(0)20 7251
3801Email: victor.mallet@finsbury.com
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