MV Credit Invests in Deal for US Ingredients Distributor
MV Credit has participated in the financing of the acquisition of US-based ingredients distributor Maroon by Barentz, a Netherlands based distributor of life-science related specialty ingredients.
MV Credit, an affiliate of Natixis Investment Managers, was joint arranger of a PIK facility (denominated in USD and EUR), and also invested in the senior debt.
The merger will significantly increase the presence of Barentz, a Cinven portfolio company, in the US market, as well as provide a platform for further M&A in the Americas. Maroon and Barentz are increasing their exposure in non-cyclical end-markets, such as food and pharmaceutical ingredients. Both companies have demonstrated solid growth over the past few years, including throughout the coronavirus pandemic.
“Securing the underwrite was testament to MV Credit’s ability to provide flexible financing solutions tailored to suit private equity sponsors’ requirements, across multiple currencies,” says Guy Israel, Vice President at MV Credit.
The deal fits with MV Credit’s strategy of investing principally in healthcare, software, and food and beverages companies. MV Credit’s involvement in the deal came about thanks to its long-standing relationship with Cinven, a tier one private equity sponsor. “Our last deal with Cinven was several years ago,” says Israel. “We keep in touch with all sponsors of deals relevant to our portfolio and you can never predict when the right deal will come along. In this case, it was a great fit for our portfolios.”
MV Credit is an independently managed pan-European private credit specialist founded in 2000 with offices in Luxembourg and London.
For further reading:
About MV Credit:
MV Credit is an independently managed private credit firm founded in 2000. One of the first private credit firms to be established in Europe, MV Credit possesses the longest established management team in the private credit space, with a senior team who has on average over twenty years’ experience. Since inception MV Credit has invested circa €5bn in debt financing deals, building over time strong long-term relationships with reputable private equity sponsors. MV Credit invests in senior and subordinated debt across Europe, targeting non-cyclical, defensive industries and regions where the team have a strong understanding. The firm’s deep experience enables it to add value by providing tailored financing solutions to high-quality businesses, alongside adding value through active engagement.
MV Credit Partners LLP
Registered Number : OC397214
Authorised and Regulated by the Financial Conduct Authority (FCA)
45 Old Bond Street
London W1S 4QT
www.mvcredit.com
Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
75013 Paris
www.im.natixis.com
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.
MV Credit, an affiliate of Natixis Investment Managers, was joint arranger of a PIK facility (denominated in USD and EUR), and also invested in the senior debt.
The merger will significantly increase the presence of Barentz, a Cinven portfolio company, in the US market, as well as provide a platform for further M&A in the Americas. Maroon and Barentz are increasing their exposure in non-cyclical end-markets, such as food and pharmaceutical ingredients. Both companies have demonstrated solid growth over the past few years, including throughout the coronavirus pandemic.
“Securing the underwrite was testament to MV Credit’s ability to provide flexible financing solutions tailored to suit private equity sponsors’ requirements, across multiple currencies,” says Guy Israel, Vice President at MV Credit.
The deal fits with MV Credit’s strategy of investing principally in healthcare, software, and food and beverages companies. MV Credit’s involvement in the deal came about thanks to its long-standing relationship with Cinven, a tier one private equity sponsor. “Our last deal with Cinven was several years ago,” says Israel. “We keep in touch with all sponsors of deals relevant to our portfolio and you can never predict when the right deal will come along. In this case, it was a great fit for our portfolios.”
MV Credit is an independently managed pan-European private credit specialist founded in 2000 with offices in Luxembourg and London.
For further reading:
- Introduction to Restructuring Series
- Restructuring Series: Credit Selection is Critical
- Restructuring Series: Partnering with the Right Sponsor
- Restructuring Series: Experience Matters
MV Credit is an independently managed private credit firm founded in 2000. One of the first private credit firms to be established in Europe, MV Credit possesses the longest established management team in the private credit space, with a senior team who has on average over twenty years’ experience. Since inception MV Credit has invested circa €5bn in debt financing deals, building over time strong long-term relationships with reputable private equity sponsors. MV Credit invests in senior and subordinated debt across Europe, targeting non-cyclical, defensive industries and regions where the team have a strong understanding. The firm’s deep experience enables it to add value by providing tailored financing solutions to high-quality businesses, alongside adding value through active engagement.
MV Credit Partners LLP
Registered Number : OC397214
Authorised and Regulated by the Financial Conduct Authority (FCA)
45 Old Bond Street
London W1S 4QT
www.mvcredit.com
Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
75013 Paris
www.im.natixis.com
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.