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KPS Capital acquired Bosch’s minority stake in Chassis Brakes, a company that specialises in manufacturing car brake technology.
The secured lender is broadening its geographical mandate following the first dividend issue of 2p per share since listing in December.
A lot of managers are establishing special situations strategies thanks to an expected turn in the credit cycle.
The firm’s strategy is to partner with banks and financial institutions on whole loan investments and is targeting a return between 7% and 9% without leverage.
The distressed investor has entered the Portuguese NPL market and continues to make inroads in the Spanish market with its ninth acquisition in the country since 2014.
The UK-based pension scheme raised total AUM to £32bn as it began the processing of undertaking more private credit operations in-house.
Lee Kempler will serve as chief operating officer for investments – a role in which he is tasked with improving communication between the $22bn asset manager’s investment strategies.
The debt financing has been provided to Adler & Allan, an environmental services company backed by LDC.
The firm is attempting to fill the void created by a drop off in cross-border lending in the European mid-market by offering flexible capital solutions.
LCM Partners has acquired a portfolio of bad Italian consumer debt with a nominal value of €98m from Banca IFIS, while another firm acquired a €151m portfolio.