Adit : secondary LBO
CIC Private Debt is supporting Adit Group, the European leader in strategic intelligence, into its next step of development by underwriting the Unitranche financing in its buyout by Parquest Capital, Bpifrance, Amundi PEF and the Management.
Frénéhard & Michaud : the family-owned company secures its growth
Frénéhard & Michaud is a major French industrial Group, specialist of solutions for access and work at height. CIC Private Debt has supported the Group in its development by financing various investments alongside its traditional banking partners.
CIC Debt Fund 3, a successful launch !
CIC Private Debt is expanding its Senior Debt Mid Cap activity with the launch in November 2018 of CIC Debt Fund 3 targeting a size of €450m. As at June 30, 2019, the fund has already collected more than €350m from institutional investors and has financed 18 companies for almost €130m.
Financing of a group of 5 motorway concessions in Portugal
CIC Infra Debt Fund has recently participated for €22.6m in a €75m bond issue from Ascendi PT (whose financial sponsor is Ardian), which holds 5 motorway concessions in Portugal. The 5 concessions are on an availability basis, with subsequently no traffic risk on these projects.