Alantra holds €150m interim close for second debt fund

Following a €110m first close held in August 2018, the fund increased its target size from €150m to €175m and its hard-cap to €200m, encouraged by strong investor interest, it said.

The fund has already closed one deal and expects to make two more investments by the end of March 2019.

In addition, Alantra Private Debt announced that its first debt fund completed its 15th transaction by deploying a long-term loan to Kompuestos, a Spanish company that manufactures colour additives and mineral fillers for the plastics industry.

Investors
Alantra Debt Fund II has a diversified investor base, which includes public institutions such as the European Investment Fund and the Spanish Export Development Finance Institution, pension funds, insurance companies and family offices.

Investments
Alantra Private Debt II targets export-orientated companies with revenues between €25-200m and EBITDA of more than €3m. The vehicle deploys tickets in the €5-25m range and specialises primarily in senior debt for capex, acquisitions, refinancing and restructuring of the share capital.

Despite investing primarily in Spanish companies, the fund has greater flexibility than its predecessor to also target other European countries, including France, Portugal and Italy.

People
Alantra Private Debt – Luis Felipe Castellanos (managing partner).

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• Topics
• Funds
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• Southern Europe
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