In an announcement, Rothschild disclosed that its merchant banking arm, Five Arrows Credit Solutions, has concluded its primary closing with the estimated commitment of EUR235 million or US$302.1 million. The private debt resources of Five Arrows center on the middle market of Western European businesses and industries.
The round received strong presence from an international investor base consisting of family-owned business, rich investors and institutions. Rothschild is aiming for EUR400 million at the final closing.
Five Arrows Credit Solutions offers debt instruments to middle market European businesses. The proceeds of the round is looking into financing for the displaced credit markets in Europe and bridging the gap of the finances that the mid-sized businesses are recently facing as other lenders including the banks are reducing its lending and credit funds.
Generally the proceeds will be allotted to help business in Europe with its financial limitations. The proceeds are being administered by Martin Hook and Edouard Veber. Martin Hook is the former Partner at Indigo Capital and is one the renowned and trusted European mezzanine funds. On the other hand, Edouard Verber is formerly a co-manager of European mezzanine business activities at JP Morgan.
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