Park Square raises $2.4 bln for second credit opportunities fund

London-based credit provider Park Square Capital has closed its second credit opportunities fund at $2.4 billion. The limited partners for Credit Opps II include European and U.S. pension funds. The pool will focus on providing senior debt funding for leveraged companies in Europe and North America.

Terreal Signs Lender-led Restructuring

Park Square Capital, an independent provider of credit products in Europe, has signed a lender-led restructuring of Terreal Group. The business is a French manufacturer of clay building materials. At the completion of the restructuring, Terreal’s lenders will convert a significant portion of its debt into equity and become the sole shareholders of Terreal, with Park Square emerging as the largest institutional shareholder.

Park Square Capital Backs Douglas

Park Square Capital, a provider of credit products in Europe, has led a mezzanine investment in European retailer DOUGLAS Holding. The financing was in connection with the voluntary public tender offer by Beauty Holding Three AG, a holding company, which is held indirectly through funds advised by Advent International, for all outstanding shares of DOUGLAS.

Park Square Capital Closes $1.2B Fund

Park Square Capital, a provider of leveraged buyout loans, has closed an 850 million euro ($1.21 billion) fund for mezzanine loan investments, Reuters reported. The fund, Park Square Capital II, comes from a mix of unnamed investors including sovereign wealth funds, pension funds and insurance companies.

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