Crescent European Specialty Lending provided unitranche financing for the acquisition of Dalepak, a UK-based tech-enabled outsourced logistics provider, by Sovereign Capital, a UK-based private equity firm. Terms of the transaction were not disclosed.
“We are thrilled to be a part of this transaction, which will enable Dalepak to expand its market-leading supply chain services to its increasing client base that spans a diverse range of industries including cosmetics, electronics, manufacturing and e-commerce retailers,” said Christine Vanden Beukel, managing director and head of Crescent’s European Specialty Lending strategy.
“This transaction marks the ninth investment for the Crescent European Specialty Lending strategy and our second with Sovereign Capital. This steady transaction volume and repeat business reflects the strength of our European Lending strategy and our ability to meet the financing needs of sponsors in the region.”
Crescent European Specialty Lending is a subsidiary of Los Angeles-based Crescent Capital Group.