{"id":659757,"date":"2013-05-23T05:13:31","date_gmt":"2013-05-23T09:13:31","guid":{"rendered":"http:\/\/www.pehub.com\/?p=219810"},"modified":"2013-05-23T05:13:31","modified_gmt":"2013-05-23T09:13:31","slug":"beechbrook-mezzanine-ii-reaches-first-close","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/659757","title":{"rendered":"Beechbrook Mezzanine II Reaches First Close"},"content":{"rendered":"

European lower mid-market private debt manager Beechbrook Capital<\/strong> has raised 67 million euros ($86 million) at the first close of its latest fund, Beechbrook Mezzanine II<\/strong>. With pledges of a further 25 million euros for additional closes later in the year, Beechbrook is well on course for its target fund size of 100 million euros to 120 million euros.<\/p>\n

PRESS RELEASE<\/strong><\/p>\n

Beechbrook Capital, one of Northern Europe\u2019s most active lower mid-market private debt managers, has raised \u20ac67 million at the first close of its latest fund, Beechbrook Mezzanine II. With pledges of a further \u20ac25 million for additional closes later in the year, Beechbrook is well on course for its target fund size of \u20ac100 million to \u20ac120 million. <\/p>\n

Beechbrook Mezzanine II has been backed by six institutional investors, including the European Investment Fund and the UK Department of Business, Innovation and Skills (in conjunction with the Business Finance Partnership scheme), both of which are responding to the continuing dearth of funding available to lower mid-market companies from banks and mainstream institutional lenders. <\/p>\n

The scarcity of traditional finance is reflected in the excellent deal flow being seen by Beechbrook. The firm specialises in supporting smaller and medium-sized private companies with an enterprise value of \u20ac10 million to \u20ac100 million across a range of industries in the UK and Northern Europe. Its strong team of investment professionals, led by Nick Fenn and Paul Shea, has already identified a promising pipeline of investment opportunities. They expect to make several investments before the end of 2013.<\/p>\n

Beechbrook\u2019s first fund, which raised around \u20ac100 million, is fully invested in a portfolio comprising 16 companies across its four target regions: the UK and Ireland, the Nordics, Benelux and the German-speaking countries.
\nENDS<\/p>\n

For further information, please contact: Nick Fenn, Beechbrook Capital,
\n 020 3551 5970
\nnick.fenn@beechbrookcapital.com <\/p>\n

Caroline Cecil, Caroline Cecil Associates,
\n020 7610 4110
\nccecil@carolinececil.co.uk<\/p>\n

Note to editors
\nBeechbrook Capital, a specialist fund manager founded in 2008, actively lends to and invests in SMEs across a range of industries in the UK and Northern Europe. Beechbrook supports companies with a typical enterprise value of \u00a310 million to \u00a3100 million, investing an average of \u00a34 million to \u00a37 million per transaction. The mezzanine finance Beechbrook provides often fills a funding gap between equity and bank debt faced by SMEs as banks focus on big corporate and capital market activities. Beechbrook is backed by institutional investors drawn to the attractive risk-adjusted, circa double digit returns it provides.<\/p>\n

The post Beechbrook Mezzanine II Reaches First Close<\/a> appeared first on peHUB<\/a>.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

European lower mid-market private debt manager Beechbrook Capital has raised 67 million euros ($86 million) at the first close of its latest fund, Beechbrook Mezzanine II. With pledges of a further 25 million euros for additional closes later in the year, Beechbrook is well on course for its target fund size of 100 million euros […]<\/p>\n","protected":false},"author":7476,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-659757","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/659757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7476"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=659757"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/659757\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=659757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=659757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=659757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}