PGIM Private Capital first met with DC in 2H 2023, to discuss optimizing their current capital structure in light of their growth ambitions. During the summer of 2024, the Company approached us to formally initiate a Direct Lending transaction.
The purpose of the transaction was to refinance the majority of its current debt, aiming to (i) achieve a longer tenor, (ii) optimise the debt amortisation profile (preserving cash flow for the business), and (iii) consolidate and simplify its capital structure around a primary financing partner.
In November 2024, we enabled them to achieve these objectives by providing a €51,500,000 Senior Secured Term Loan. Marcos Pedregal acted as advisor of Grupo DC for this transaction
Grupo DC chose to work with us due to (i) speed of execution, (ii) their desire to work with a relationship-focused provider, and (iii) our reputation and sector expertise. We deeply value the relationship we’ve built with DC and look forward to continuing our support in the future.