At Kartesia we try to be more than a typical lender by reviewing new business opportunities with our clients. As a credit platform operating in France, the UK, Spain, Germany, Italy and Austria, we enjoy a deep network of top managers and experts and we ensure our clients make the most of it.
A few weeks ago KCO III arranged and purchased a €15M unitranche bond to finance the recapitalisation of Kufner Group, a German portfolio company of Austria-based private equity house Value Management Services (VMS). Kartesia’s Investment Manager Thomas Pöhler and Director Debt Advisory Daniel Gebler from DC Advisory tell us about the deal and current recapitalisation strategies.
We are pleased to welcome Jean Diercxsens who will more particularly support Kartesia's development in Benelux from our Brussels office, and Coralie De Maesschalck, who joins us as Portfolio Manager, a cornerstone middle-office position which aims at reinforcing the integration between Kartesia’s back office and our investment team.
Kartesia Advisor is pleased to announce that the final closing of its European credit opportunity fund KCO III took place on March 24th at €507 million, above its hard cap. This represents a significant oversubscription compared to its original target of €400 million.
Kartesia is pleased to announce today that Altercap funds were fully repaid at par of their investment into the senior debt and RCF issued by Galfa via a refinancing of the Group with the local Sparkasse after net Leverage has decreased to 1.4 at