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.”
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.
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.
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