Crescent European Specialty Lending Announces Unitranche Financing For Bluewater’S Acquisition Of Imserv
Crescent European Specialty Lending Announces Unitranche Financing For Bluewater’S Acquisition Of Imserv
09/16/21, 7:01 AM
Location
Industry
financial services
professional services
natural resources
energy
sustainability
Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided unitranche financing to support the acquisition of IMServ, a pioneer of metering and data services for the electricity, gas and water sectors in the U.K., by Bluewater, the specialist international private equity firm focused on the middle market energy sector. Crescent has also provided a committed acquisition facility for IMServ to further accelerate growth through strategic M&A. Terms of the transaction were not disclosed.
Company Info
Location
200 s 17th street, ste 200
Lincoln, England, United Kingdom
Company info
Crescent Capital Group is headquartered in Los Angeles with offices in Boston, London, and New York. With more than 85 investment professionals and approximately 180 employees, the firm invests at all levels of the capital structure, with a significant focus on below investment grade credit through strategies that invest in senior bank loans, unitranche loans, high yield debt, mezzanine debt, and other private debt securities. As of June 30, 2021, Crescent Capital Group managed approximately $34 billion, with a relatively equal split between marketable securities and privately originated debt investments.
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