Pride Capital Partners has realized the first closing of its first mezzanine fund with a target size of € 100M. Through this fund mezzanine loans are provided to companies in the ICT sector within the Benelux and DACH region. The funding comes from Pride Capital Partners, wealthy individuals, family offices and (inter)national institutional investors.
Mezzanine loans are subordinated loans that are used to (co)finance (inter)national growth, acquisitions and management buy-outs. Via offices in Amsterdam and Düsseldorf Pride Capital Partners focuses on growing and profitable ICT companies with scalable and recurring business models, revenues from € 3M and a strong management team. The loan amounts vary between € 2M and € 8M.
Lars van ‘t Hoenderdaal (Managing Partner): “We are very pleased to have realized the first closing of our mezzanine fund. We experience a strong demand in the market for this type of financing, where on the one hand we support entrepreneurs in realizing their ambitions and on the other hand realize attractive returns for our investors. We experience strong deal flow and recently placed our first loan.”
Lars van ‘t Hoenderdaal (Managing Partner): “We experience a strong demand in the market for this type of financing, where on the one hand we support entrepreneurs in realizing their ambitions and on the other hand realize attractive returns for our investors.”
Pride Capital Partners is a private debt company focused on providing mezzanine loans. So far 18 mezzanine loans have been provided on a ‘deal-by-deal’ basis for a total of € 45M in a mix of growth, acquisition and management buy-out transactions. In addition, 7 exits have already been realized with attractive returns for the investors. As a result of strong growth of our portfolio companies we experience a lot of interest from (inter)national strategic and financial (PE) parties.
In the current mezzanine portfolio there are international, fast growing and profitable ICT companies like for example KAIROS (healthcare biobanking and clinical trial software), OnGuard (Credit management software), DataManagement Professionals (security and data storage), Spotzer (digital marketing) and All Solutions (ERP software).07/31/2018