Praesidian Capital Europe Secures £50 Million For New Lending to Lower Middle Market Companies
Private Debt Investments Available in the UK, Germany and Northern Europe
New York – September 11, 2017 – 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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