Alpstar Capital has teamed with an undisclosed “industrial partner” to acquire Dutch cement company Cementum. No financial terms were disclosed, except that Rabobank provided debt financing.
Alpstar Capital, a European asset manager and investment advisor, is pleased to announce the purchase of a company in the cement sector in the Netherlands, as well as completion of a direct lending facility to an energy-related company in Spain.
“We are delighted to have completed two private transactions that evidence our credit skills in identifying and participating in undervalued asset opportunities”, said Nicolas Bravard, Alpstar Managing Partner.
The acquisition of MGP, or ‘Cementum’, was completed last week with an industrial partner. Rabobank provided the financing.
Esinor, a firm active in energy and telecommunications, also recently benefited from Alpstar’s credit expertise – in particular direct lending – and is now poised for a promising future in the energy sector in Spain.
“These two deals clearly demonstrate our ability to provide our investors with access to unique opportunities with the potential for outsized returns”, noted Bertrand Pinel, CEO and Managing Partner of Alpstar Capital.
Alpstar intends to build out a larger business in distressed investing and direct lending, and expects these two transactions to serve as anchor deals in a new, special situations type structure. The vehicle will employ a “loan to own” strategy, among others.
A road-show to HNW and institutional prospects is anticipated this fall. Terms have not yet been decided upon.
Alpstar Capital S.A. and its affiliates maintain offices in London, Geneva, and Madrid.