Crescent Capital Group announced its Crescent European Specialty Lending strategy completed a unitranche financing to support the refinancing and recapitalization of Interfloor Group. Interfloor, majority-owned by Milestone Capital Partners, also refinanced the mezzanine facility provided by Hutton Collins Partners, which remains a minority shareholder.
“We are pleased to have completed this unitranche refinancing with Milestone Capital in support of the continued growth of Interfloor,” said Christine Vanden Beukel, managing director and head of Crescent’s European Specialty Lending strategy. “This transaction is part of the increased interest we have seen from sponsors and management teams to access capital through unitranche financings provided by established alternative asset managers like Crescent.”
UK-based Interfloor is a manufacturer of underlay and accessories for the flooring market.