Daily News: December 18, 2014

Partners Raises More Than $1B for Mezzanine Program

Partners Group’s eighth and largest mezzanine program will be invested globally on behalf of its clients in predominantly mid-market companies. At the time of the close, the program was already invested into a diversified portfolio of nine companies. This includes lead arranged subordinated debt transactions such as European coffee house chain Caffè Nero and French premium food producer Labeyrie Fine Foods.

Juri Jenkner, partner, co-head, private debt, states, “Subordinated debt remains an attractive market niche, which requires global reach, strong sourcing capabilities and a high degree of selectiveness. The sweet spot for attractive mezzanine credits can primarily be found in mid-cap companies where bespoke financing solutions allow businesses to realize their potential. We continue to place particular investment emphasis on market-leading, cash flow-strong, recession-resilient companies in sectors including food, education and healthcare.”

Scott Essex, managing director, co-head of private debt, adds, “The breadth of Partners Group’s platform and strength of our global network ensure the required deal flow to systematically identify attractive mid-cap investment opportunities around the globe. In the year through September, we screened more than 400 financing opportunities and invested a total of $1.7 billion on behalf of our clients across the capital structure.”