Crescent Capital Group LP, a main alternative asset management firm, reported today that its European Specialty Lending strategy has given a unitranche facility to help the refinancing of DMC Group, a main global platform of needlecraft brands and a portfolio company of Lion Capital. Also, Crescent has given an acquisition facility to additional help strategic M&A. Terms of the financing were not revealed.
Crescent Capital Lends Support To DMC Group
Lion Capital is a consumer-centered private equity investor and since initiation has upheld the development of more than 180 incredibly famous consumer brands including Weetabix, Jimmy Choo, AllSaints, Loungers and Grenade. “We are glad to help Lion Capital and DMC Group on this refinancing, which we accept will keep on supporting the company’s solid development direction as the transcendent pioneer in needlecraft brands,” said Christine Vanden Beukel, Managing Director and top of Crescent’s European Specialty Lending strategy. “This exchange keeps on showing Crescent’s capacity to give adaptable financing to innovative, market-driving organizations.”
Established in Mulhouse, France in 1746, DMC Group is a UK-settled driving global platform of notable needlecraft brands. The business manufactures and supplies a scope of top notch products for the hobbycraft market to help embroidery, knitting and crotchet exercises. The DMC Group has advanced from its underlying roots inside embroidery through the acquisitions of Wool and the Gang, a computerized drove direct-to-consumer knitting brand, and Sirdar and Rowan, two exceptionally prestigious premium knitting brands.
About Crescent Capital Group LP
Crescent is a global acknowledge speculation supervisor for around $30 billion of assets under management. For almost 30 years, the firm has zeroed in on beneath speculation grade credit through techniques that put resources into attractive and privately-began obligation protections including senior bank advances, high return bonds, just as private senior, unitranche, and junior obligation protections. Crescent is settled in Los Angeles with workplaces in New York, Boston, and London and in excess of 180 representatives globally. For more data about Crescent, visit www.crescentcap.com