Crescent European Specialty Lending Announces Unitranche Financing for Frontier Medical financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.
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Crescent Capital Group LP, a leading alternative asset management firm, announced today that its European Specialty Lending strategy has provided refinancing to the existing banking facilities of Avania, a leading global full-service contract research organization ( CRO ) focused on medical technology development. Avania is a portfolio company of Kester Capital. Terms of the financing were not disclosed.
Headquartered in Bilthoven, the Netherlands and serving sponsors worldwide, Avania is focused on the management of clinical studies for medical devices, medical device/drug combinations and biological and cell-based products internationally. Avania was acquired by Kester Capital in 2016, and with that investment, Avania started a successful journey to establish global presence through organic growth and multiple acquisitions in Europe, U.S. and Australia.
Ares Management Corporation: Ares Management and Generation Acquire Purpose-Built Student Accommodation Assets in UK
Ares Management Corporation (Ares) (NYSE: ARES) and Generation Partners (Generation) announced today that a joint venture established by a fund managed by the Ares Real Estate Group and Generation have acquired two student accommodation assets providing a total of 1,359 beds in the cities of Exeter and Cardiff for £157.5 million. This new initiative by Ares and Generation is part of a targeted residential investment strategy that will focus on Purpose-Built Student Accommodation (PBSA) assets in the UK.
The two assets which were recently completed by Mace Developments provide high quality buildings with a wide range of room types and an excellent provision of internal and external amenity spaces in two very strong locations.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Crescent Acquisition Corp Announces Stockholder Approval of Extension of Deadline to Complete Business Combination
February 18, 2021 GMT
LOS ANGELES (BUSINESS WIRE) Feb 18, 2021
Crescent Acquisition Corp (“Crescent”) (NASDAQ: CRSA) announced today that on February 17, 2021 its stockholders approved an extension of the date by which it has to complete an initial business combination from March 12, 2021 to June 30, 2021. Crescent requested the extension in order to complete the previously announced proposed business combination (the “LiveVox Transaction”) with LiveVox Holdings, Inc. (“LiveVox”), a leading next-generation contact center platform that powers more than 14 billion interactions a year.
NEW YORK and LOS ANGELES, Jan. 11, 2021 /PRNewswire/ Pretium and a group of its investors, and funds managed by the Real Estate Equity and Alternative Credit strategies of Ares Management. | January 17, 2021