Market Overview

Crescent European Specialty Lending Announces Unitranche Financing for CLARUS Films Group

Share:

Crescent Capital Group LP, a leading alternative credit investment firm,
announced today that its European Specialty Lending strategy has
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 Dietzenbach near Frankfurt, Germany, CLARUS Films is the
leading independent value-added reseller 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."

About Crescent Capital Group

Crescent Capital Group LP is headquartered in Los Angeles with offices
in Boston, London and New York. With over 80 investment professionals
and more than 160 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, high yield
debt, mezzanine debt, distressed debt and other private debt securities.
As of March 31, 2018, Crescent Capital Group LP managed more than $25
billion in assets, with a relatively equal split between marketable
securities and privately originated debt investments.

About CLARUS Films

Founded more than 30 years ago, CLARUS Films is the largest independent
provider of transparent packaging films in Germany, with approximately
60 employees and approximately €60 million annual turnover. The Company
serves more than 1,800 direct customers in the food and consumer good
sectors. Large warehouse and cutting and conversion capacities allow
CLARUS Films to meet individual customer demands within 24 hours. This
level of service and the future growth strategy will be further
supported and accelerated with the opening of new facilities in
Dietzenbach at the end of 2018. For more information, visit www.clarusfilms.de

About PREMIUM Equity Partners

PREMIUM Equity Partners is an equity investment firm founded in 2011
with a focus on the DACH region where it invests in strong niche
companies with sales between €10 million and €50 million. PREMIUM
provides capital to the smaller "Mittelstand" to finance growth,
ownership succession and spin-offs. For every investment PREMIUM
combines its long- term investment and financing expertise with the
profound industrial know-how of its industry partners. For more
information, visit www.premium-equity.de.

View Comments and Join the Discussion!