Investec completes its first direct lending transaction in the Netherlands
Investec’s direct lending team has completed its first integrated asset-based and cashflow lending transaction in the Netherlands, as the firm extends its European reach.
The funding supported Dutch private equity fund BB Capital Investments with its acquisition of education materials provider de Rolf Groep. Investec provided an integrated debt facility to support Rolf with its seasonal working capital requirements as well as the acquisition finance debt.
The transaction was led by the company’s new asset-based lending (ABL) lead for the Netherlands, Danielle van den Elshout (pictured).
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“Rolf is a longstanding, compelling business in its market and we are delighted to be partnering with BB Capital and management in the next stage of their growth plan,” said van den Elshout.
“It is an exciting time in the market for ABL and cashflow lending as there is a real opportunity for the integrated offering and I look forward to working with my new colleagues to expand the existing UK franchise into the Benelux mid-market and to grow the business for Investec in Europe.
“Our ability to deliver this kind of solutions from a single team, a single credit process and the same deal team becoming the long-term relationship team is a real differentiator.”
Van den Elshout is Investec’s first hire in the Netherlands for its integrated offering, and her appointment signals the company’s commitment to growing its presence in the Benelux region.
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Prior to joining Investec, van den Elshout was at ING, where she led and structured mid-market asset-based financing solutions.
“We are delighted to broaden our offering to the Benelux private equity and corporate market introducing the integrated ABL product,” said Alexandre Neiss, Investec’s head of Benelux origination.
“The reception has been very strong and the opportunity large and I am very pleased we have been able to support BB Capital with the acquisition of Rolf.
“It is great to have Danielle on board to help us spearhead this initiative, we look forward to helping her grow this business in the Benelux.”
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