Daily News: July 23, 2018

Crescent Provides Unitranche to PREMIUM Equity


Crescent Capital Group’s European Specialty Lending strategy provided a unitranche loan to support the acquisition of a majority share of CLARUS Films Group by funds advised by PREMIUM Equity Partners. Terms of the transaction were not disclosed.

Based in Germany, CLARUS Films is an independent value-added re-seller in the packaging and lamination film sector in Germany. The company’s recyclable films are predominantly distributed to customers in the food and consumer goods industry in the German-speaking region of Europe, with planned expansion into other parts of the European market through selective add-on acquisitions.

“We are very pleased to support PREMIUM’s acquisition of CLARUS Films, as it continues its long-term growth strategy in Europe. The company’s well-established relationships with customers and suppliers and its strong management team combined with its partnership with PREMIUM will help expand its market leadership,” said Christine Vanden Beukel, managing director and head of Crescent’s European Specialty Lending strategy. “This transaction is representative of the flexible capital structures Crescent provides to companies and sponsors to support their next phase of growth.”

Crescent Capital is headquartered in Los Angeles with offices in Boston, London and New York.

Founded in 2011, PREMIUM Equity Partners is an equity investment firm with a focus on the DACH region where it invests in strong niche companies with sales between €10 million and €50 million.