TC Credit Partners is pleased to announce the successful closing of its first secured mezzanine financing transaction in Asia

London / New York City,  8th June 2021

TC Credit Partners served as Mandated Lead Arranger and Original Lender for a US$ 53 million financing facility for Capital Square Partners (“CSP”), a Singapore-headquartered mid-market buy-out manager with a proven ability to execute control leveraged buy-out transactions globally.

TC Credit Partners was joined as an Original Lender in the financing by Nomura, Asia’s global investment bank.

The complex transaction provided debt refinancing and strategic growth capital for the CSP Emerging Asia Fund, a fund dedicated to control-oriented mid-market buy-out investments in Southeast Asia and cross-border India primarily focused on the technology and business services sectors.

Christopher Wilder, Managing Partner of TC Credit Partners, said: “TC Credit Partners is pleased to have delivered this strategic financing for CSP as the fund continues to expand its portfolio in the global business services sector. The growth orientation and global emerging markets presence of CSP’s portfolio companies fit perfectly with the fundamental cornerstones of our private credit investment strategy at TCCP. We were delighted to work in partnership with Nomura to deliver this complex credit solution.”

Mukesh Sharda, Managing Partner of CSP, said: «We at CSP are delighted to work with TC Credit Partners and Nomura, who clearly demonstrated their understanding of the business and its nuances. Their agility and responsiveness were critical in allowing us to meet our financing objectives. We look forward to working with them on other opportunities in the future.»

Abhishek Tiwaari, Head of Loan Capital Commitments & Syndicate, Asia ex-Japan, Nomura, said: “We are pleased to have partnered with TC Credit Partners to provide this strategic financing for CSP. The transaction highlights yet again our ability to deliver sophisticated, bespoke solutions to clients across a wide range of industries globally.”

About TC Credit Partners (www.tccreditpartners.com)

TC Credit Partners (“TCCP”) is an investment manager specializing in direct lending and complex credit solutions across the capital structure for compnaies and financial sponsors operating in global emerging markets. The Firm has offices in Puerto Rico, New York, London, Bogotá, Lima, and Mexico City.  TCCP, through its affiliation with TC Latin America Partners, is registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC).

About Capital Square Partners (www.capitalsquarepartners.com)

Capital Square Partners («CSP”) is a private equity fund manager based in Singapore, and regulated by the Monetary Authority of Singapore (MAS). CSP manages funds investing across growth capital and buyouts supporting high performance management teams to build leading digital businesses. With deep sector expertise across technology, media and telecommunications, business services, healthcare, and consumer sectors, CSP has supported management teams to scale businesses across multiple geographies and create transformational value.

About Nomura

Nomura is a global financial services group with an integrated network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management. Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.

Press contact

TC Credit Partners

Juliana Soto

jsoto@tclatam.com

www.tccreditpartners.com  

LEGAL DISCLAIMER

THIS IS NEITHER AN OFFER TO SELL NOR A SOLICTATION OF AN OFFER TO BUY AN INTEREST IN ANY INVESTMENT FUND.  SUCH AN OFFER OR SOLICITATION MAY BE MADE ONLY TO ELIGIBLE PURCHASERS PURSUANT TO A CONFIDENTIAL PRIVATE OFFERING MEMORANDUM.  THERE CAN BE NO ASSURANCE THAT ANY INVESTMENT PROGRAM WILL ACHIEVE ITS INVESTMENT OBJECTIVES OR THAT LOSSES WILL NOT OCCUR. SOME OF THE STATEMENTS CONTAINED HEREIN CONSTITUTE FORWARD-LOOKING STATEMENTS, WHICH RELATE TO FUTURE EVENTS OR THE FUTURE PERFORMANCE OR FINANCIAL CONDITION OF THIS INVESTMENT. FORWARD-LOOKING STATEMENTS INVOLVE RISKS INCLUDING STATEMENTS AS TO FUTURE OPERATING RESULTS, BUSINESS PROSPECTS, THE FUTURE SUCCESS OF THE GENERAL ECONOMY AND ITS IMPACT ON ANY INVESTMENT. THE INFORMATION HEREIN IS PROVIDED FOR ILLUSTRATIVE PURPOSES ONLY, MAY NOT BE FULLY INDICATIVE OF ANY PRESENT OR FUTURE INVESTMENTS, MAY BE CHANGED AT THE DISCRETION OF TC WITHOUT NOTICE. REGISTRATION AS AN INVESTMENT ADVISER DOES NOT IMPLY A CERTAIN LEVEL OF SKILL OR TRAINING.

TC Credit Partners has participated in a US$105 million syndicated financing for AFRICELL the fast-growing Pan-African mobile network operator

London / United Kingdom,  1th June 2021

TC Credit Partners has participated in a US$105 million syndicated financing for Africell, the fast-growing pan-African mobile network operator. This direct lending transaction is expected to deliver flexible debt to support the company’s growth across both existing and new markets, spanning over 12 million subscribers and allowing communities access to education and economic choices.

Africell has confirmed the successful closing of a major Group-level commercial loan facility. The move is evidence of Africell’s long-term expansion strategy in Africa and gives the Group the financial strength required to maintain its growth across the continent.

The loan facility, worth US$105 million, is syndicated to a group of blue-chip international financial institutions. The syndicate consists of a mix of new and existing lenders to Africell, all distinguished by their experience and track record of investing successfully in emerging markets. The facility was structured and anchored by Gemcorp Capital, with Gramercy Funds Management LLC, TC Credit Partners LLC and funds advised by Helios Investment Partners also joining the syndicate.

The commercial loan facility complements other group-level financing for Africell. In May 2021, Africell amended and restated a $100 million investment from the US Government’s Development Finance Corporation (DFC) which was first signed in May 2019. Together, the commercial loan facility and the DFC facility support Africell’s growth plans across Africa, including refinancing existing facilities, financing its expansion in its current operating markets, and supporting its forthcoming launch in Angola.

Africell’s Chairman and Chief Executive Officer, Ziad Dalloul, said: “The commercial loan agreement represents a renewed long-term commitment between us and a group of outstanding strategic financing partners. The syndicate is composed of world-class financial institutions with an impressive history of investing in emerging markets. Some are existing lenders to Africell and others are backing us for the first time, which testifies to the investment opportunity Africell represents. The commercial loan facility gives Africell Group the flexibility and firepower we need to achieve our commercial objectives in Africa, and we are excited to continue to pursue growth both in our existing markets and in Angola”.

Atanas Bostandjiev, CEO of Gemcorp, said: “Gemcorp is pleased to have delivered this important financing for Africell at this pivotal moment in the company’s story. This is our third financing for Africell and will allow the company to continue to grow its existing operations and support its expansion into Angola. Supporting growth champions within the African telecoms space is core to our direct lending strategy and so we are delighted to serve as a financing partner for Africell together with the other members of the syndicate”.

In February 2021, Africell won an international public tender process for a universal electronic communications license in Angola in a historic move driven by the Angolan government’s desire to reform and accelerate Angola’s economy. Africell’s expansion into Angola is a transformational opportunity for the Group, for the Angolan telecoms sector, and for Angolan consumers who stand to benefit from more competition and innovation.

About Africell

Africell provides fast, low-cost and reliable mobile network coverage and related technology services to over 12 million subscribers in four African countries (Sierra Leone, The Gambia, DR Congo and Uganda). We will launch operations in a fifth country (Angola) in 2021.

Africell is a disruptor. We challenge inefficiency, embrace fresh thinking and deliver innovative products and services which make a practical difference to everyday people. Africell employs over 1,000 people in seven countries. We have US ownership and are headquartered in London, UK. Africell’s positive social impact, entrepreneurial spirit and transparent business activities make us the ideal mobile network provider for Africa’s future. For more information, visit www.africell.com or connect with us on LinkedIn.

About TC Credit Partners

TC Credit Partners (“TCCP”) is an investment manager specializing in direct lending and complex credit solutions across the capital structure for companies and financial sponsors operating in global emerging markets. The Firm has offices in Puerto Rico, New York, London, Bogotá, Lima and Mexico City. TCCP, through its affiliation with TC Latin America Partners, is registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC).

Press contact

TC Credit Partners

Juliana Soto

jsoto@tclatam.com

www.tccreditpartners.com  

LEGAL DISCLAIMER

THIS IS NEITHER AN OFFER TO SELL NOR A SOLICTATION OF AN OFFER TO BUY AN INTEREST IN ANY INVESTMENT FUND.  SUCH AN OFFER OR SOLICITATION MAY BE MADE ONLY TO ELIGIBLE PURCHASERS PURSUANT TO A CONFIDENTIAL PRIVATE OFFERING MEMORANDUM.  THERE CAN BE NO ASSURANCE THAT ANY INVESTMENT PROGRAM WILL ACHIEVE ITS INVESTMENT OBJECTIVES OR THAT LOSSES WILL NOT OCCUR. SOME OF THE STATEMENTS CONTAINED HEREIN CONSTITUTE FORWARD-LOOKING STATEMENTS, WHICH RELATE TO FUTURE EVENTS OR THE FUTURE PERFORMANCE OR FINANCIAL CONDITION OF THIS INVESTMENT. FORWARD-LOOKING STATEMENTS INVOLVE RISKS INCLUDING STATEMENTS AS TO FUTURE OPERATING RESULTS, BUSINESS PROSPECTS, THE FUTURE SUCCESS OF THE GENERAL ECONOMY AND ITS IMPACT ON ANY INVESTMENT. THE INFORMATION HEREIN IS PROVIDED FOR ILLUSTRATIVE PURPOSES ONLY, MAY NOT BE FULLY INDICATIVE OF ANY PRESENT OR FUTURE INVESTMENTS, MAY BE CHANGED AT THE DISCRETION OF TC WITHOUT NOTICE. REGISTRATION AS AN INVESTMENT ADVISER DOES NOT IMPLY A CERTAIN LEVEL OF SKILL OR TRAINING.

TC Latin America Expands With Emerging-Market Credit Strategy

The investor has formed TC Credit Partners to lend money to midmarket businesses in developing markets.

By: Luis Garcia, WSJ, December 10, 2020

TC Latin America Partners has launched a credit arm to provide capital to small and midsize businesses in emerging markets, starting with the investment of $250 million from a separately managed account.

The firm plans to raise a fund to support the new group, TC Credit Partners, next year. The credit arm will make loans of $25 million to $50 million to emerging-market companies that need capital to expand but aren’t big enough to tap bank financing or issue bonds, said Christopher Wilder, who will lead the new effort as the group’s chief investment officer. Mr. Wilder previously managed a similar strategy at Abraaj Group, a defunct emerging market-focused firm.

By launching a credit arm, New York-based TC Latin America, which typically makes real-estate investments in Latin American countries, seeks to capitalize on a historic shortage of financing for midmarket companies in developing countries, which the coronavirus pandemic has made worse, Mr. Wilder said.

“We’re looking at the types of companies the international banks exited a long time ago,” he said. “With Covid, the dislocation has increased. What we’ve seen is that the size of the opportunity has grown exponentially.”

TC Credit Partners could make senior as well as mezzanine and other subordinated loans, Mr. Wilder said. The strategy is “sector agnostic” and has as its “sweet spot” companies with $20million to $30 million in annual earnings before interest, taxes, depreciation and amortization, he said.

The new group will start investing in Latin America to take advantage of the parent firm’s presence in the region, including offices in Colombia, Peru and Mexico. It will then seek to expand to Africa, Eastern Europe and Asia, Mr. Wilder said. He added that his team is negotiating a few deals in sectors such as telecommunications, media and mining.

TC Credit Partners is starting off with the $250 million raised from an institutional investor operating on behalf of insurance companies, said Gregorio Schneider, a TC Latin America co-founder and partner and the firm’s chief investment officer. After that capital is invested, the firm will seek to raise a debut fund for the new strategy, he said.

“We will start with this and then in the first half of next year we will be focusing on the fund and we will size it according to the opportunity,” Mr. Schneider said.

Write to Luis Garcia at luis.garcia@wsj.com

TC Latin America Partners launches TC Credit Partners

Platform to Provide Flexible Credit Solutions to Companies in Emerging Markets

NEW YORK and BOGOTA, Colombia, December 10, 2020

TC Latin America Partners (“TC Latam”), an institutional real estate fund manager focused in Latin America, today announced the launch of TC Credit Partners (“TCCP”), an investment platform that will provide flexible credit solutions to small and medium sized companies in emerging markets.

Founded in 2012, TC Latam is an institutional real estate investment manager that takes an opportunistic approach to investing across the real estate spectrum in Latin America, ranging from residential and commercial projects to technology-based infrastructure including cellular towers and data centers. The firm is headquartered in New York, with regional offices in Lima, Bogotá, and Mexico City. In 2016, TC Latam broadened its platform to include investment opportunities in the U.S. through the launch of TC US Partners, a real estate investment manager specializing in domestic enterprise and programmatic ventures with a primary focus on dynamic growth markets.

With over a decade of experience executing private equity and real estate investments across Latin America, TC Latam has formed TCCP to meet the increasing demand from companies in emerging markets for capable lenders who can provide bespoke, accretive financing solutions. TCCP will provide an array of credit solutions to mid-market companies across Latin America, Africa, Eastern Europe and Asia, that have strong management teams and leading market positions, as well as quantifiable and actionable growth strategies. While TCCP’s strategy will initially be anchored in Latin America where TC Latam has an established local presence, the firm will simultaneously leverage the extensive local networks and investment track record of the TCCP partners to opportunistically invest in other emerging market regions.

TCCP will be led by Co-founder and Chief Investment Officer Christopher Wilder, an industry veteran with more than 25 years of experience managing credit investment strategies in emerging markets, and will be further supported by TC Latam’s Co-founders Gregorio Schneider and Daniel Grunberg. Mr. Wilder, Mr. Schneider and Mr. Grunberg have known each other for more than 15 years and have previously partnered together and executed several successful emerging markets private credit and special situations transactions.

“We established TCCP because of the growing demand from middle market companies across the globe, for lenders who understand their unique needs and can provide longer duration, non-dilutive, flexible credit alternatives,” said Mr. Schneider. “The TCCP platform builds on our long history of successfully providing capital solutions for our partners and we look forward to utilizing our deep experience in emerging markets to partner with differentiated businesses and capitalize on this growing opportunity set.”

“We are pleased to announce the launch of TCCP under the leadership of such an experienced investment professional, and someone we have known and respected for years. With Chris’ deep expertise managing credit investment strategies in emerging markets, we have strong conviction that he is the right person to lead this platform,” said Mr. Grunberg. “TCCP already has a strong pipeline of opportunities, and we are ideally suited to provide well-positioned businesses with credit alternatives.”

“Having known and invested alongside Gregorio and Daniel for many years, I have first-hand knowledge of their sophisticated approach to investing and the deep experience they and their team bring to the table – from sourcing capabilities and investor relationships to an on-the-ground presence in key local markets in Latin America,” said Mr. Wilder. “I look forward to working closely with them to launch and establish TCCP as a premier alternative provider of essential capital for a wide range of promising and growing companies.”

About TC Credit Partners

Founded in 2020, TC Credit Partners (“TCCP”) is an investment platform that provides flexible long-term credit solutions to small and medium sized companies in emerging markets. TCCP is targeting mid-market companies across Latin America, Africa, Eastern Europe and Asia that have strong management teams, leading positions in the sector and quantifiable and actionable growth strategies. TCCP was founded by Christopher Wilder, Gregorio Schneider and Daniel Grunberg, who have known each other for more than 15 years and have successfully partnered on several investment opportunities in emerging markets, private credit and special situations transactions. For more information, please visit www.tccreditpartners.com

About TC Latin America Partners

TC Latin America Partners is an institutional real estate fund manager that invests with an opportunistic approach in the real estate sector in Latin America. The Firm is registered as an investment adviser with the SEC in the United States, and has offices in New York, Bogotá, Lima, and Mexico City. TC Latam was founded in 2012 by Gregorio Schneider and Daniel Grunberg, who have worked together in various capacities since 2005. For more information, please visit www.tclatam.com

Media  

TC Latin America Partners

Juliana Soto

jsoto@tclatam.com  

Joele Frank, Wilkinson Brimmer Katcher

Jonathan Keehner / Julie Oakes

Tel. +1 212-355-4449

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Updating or Deleting Your Information. You generally may update Your Information that is in your account with us by following the procedures described on those portions of the Site where you may log in to the account. In some cases, however, you may need to contact us by phone to update Your Information.

We will use our commercially reasonable efforts to fulfill your request in a timely manner. We may keep a record of all information that is deleted, and we may determine what may be deleted. For example, if we are required to keep certain information for regulatory purposes, we may be prevented from deleting that information. Further, even if we delete Your Information from our “live” database, it may still be stored on other databases (including those kept for archival purposes). We are not responsible for deleting information about you from the databases of any third parties.

International Users. THE SITE IS INTENDED FOR RESIDENTS OF THE UNITED STATES. IF YOU ACCESS THE SITE FROM OUTSIDE THE UNITED STATES, YOU EXPRESSLY CONSENT TO OUR PROCESSING OF YOUR PERSONAL INFORMATION IN THE UNITED STATES AND ACCORDING TO THIS PRIVACY POLICY, UNDERSTANDING THAT U.S. LAWS REGARDING PROCESSING OF YOUR PERSONAL INFORMATION MAY BE MORE OR LESS STRINGENT THAT THE LAWS OF THE COUNTRY FROM WHICH YOU ACCESS THE SITES.

Organizations. IF YOU REPRESENT AN ORGANIZATION, YOU MUST ENSURE THAT EACH MEMBER OF YOUR ORGANIZATION (INCLUDING EMPLOYEES AND CONTRACTORS) ABOUT WHOM PERSONAL INFORMATION MAY BE PROVIDED TO US HAS GIVEN EXPRESS CONSENT TO OUR PROCESSING OF SUCH PERSONAL INFORMATION ACCORDING TO THE TERMS OF THIS PRIVACY POLICY.

Privacy of Children. The Site is not directed at minors and we do not knowingly collect information from, or maintain any information regarding, persons under the age of 18.

Contacting Us. If you have any questions about this Privacy Policy, you may contact us at info@3.219.187.9, or 1251 Avenue of the Americas, 34th Floor New York, NY 10020.

Last Update of this Privacy Policy: November 1, 2020.