MSX International handles services for automotive dealers including processing requests and communication for warranties, services, and spare parts. As an outsourced provider, the company generates predictable revenues.
Malek Ghali, Managing Director in the Direct Lending Team at MV Credit, said: “We supported Bain Capital with its original acquisition of MSX International in 2016. We therefore know MSX well and were able to co-lead the structuring of a tailor-made senior secured financing. It is an attractive opportunity because of the stable industry subsegment with adequate leverage and strong cashflow generation to sustain the financing.”
Bain Capital, the sponsor, was founded in 1984 and is one of the world’s leading private investment firms with around $160 billion of assets under management. MV Credit has developed a strong relationship with Bain Capital over the years and has supported several of their successful investments.
ESG is an important aspect of the investment process at MV Credit, which was reflected in the terms of the transaction, so MV Credit is pleased to see MSX International reporting on its ESG performance on a regular basis.
For further reading:
• MV Credit appoints Anita Isichei as Head of Human Resources
• MV Credit hires new head for its autonomous ESG function
• Private Debt Investing with ESG Criteria
• MV Credit provides ESG-linked financing for buyout
• ESG in private assets
• Private Debt Has Unique Opportunity to Drive the ESG Agenda
• MV Credit Awarded CarbonNeutral®Company Certification
MV Credit is an independently managed pan-European private credit specialist founded in 2000 with offices in Luxembourg, London, and Paris. MV Credit is an affiliate of Natixis Investment Managers. The firm is differentiated by its experienced and stable senior management team, with over 20 years of investment experience across multiple credit cycles. MV Credit provides tailored fund solutions to investors across senior direct lending, subordinated direct lending, hybrid, and CLO strategies with c. €5 bn in Assets under Management. The firm focuses on sustainable lending across the capital structure to companies in defensive industries, owned by private equity sponsors.
MV Credit Partners LLP
An affiliate of Natixis Investment Managers
Registered Number : OC397214
Authorised and Regulated by the Financial Conduct Authority (FCA)
45 Old Bond Street
London W1S 4QT
Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
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.