Tresmares Capital, a Spanish independent private capital fund manager, today announces its international expansion into the UK, through the launch of a committed £725 million evergreen fund and a London office.
The UK operation, Tresmares Capital UK, will be headed by Philippe Arbour, as CEO and Managing Partner.
Expansion into the UK offers a large target market comprising some 25,000 high-growth SMEs supported by a strong community of financial sponsors. Tresmares manages several private capital mandates including direct debt and equity investments into SMEs and its new UK operation has the capacity to write cheques between £10-50 million from its dedicated evergreen fund with the capacity for larger deals of up to £70 million for multi-product transactions including bridges to capital calls or equity syndication, and/or preferred equity investments.
Led by CEO and Managing Partner Philippe Arbour, Tresmares Capital is one of the largest independent private capital fund managers in Iberia, with capital commitments of €2.4 billion, and has the backing of Santander, as its largest Limited Partner.
Tresmares’ approach is sector agnostic, targeting growing businesses, typically with an EBITDA in the range of £2-10m. Tresmares Capital UK will provide a suite of products ranging across direct lending, senior and junior, and bridges to capital calls or equity syndication. It can also provide preferred equity or co-investment alongside entrepreneurs, management teams and private equity owners. As the fund does not undertake majority buyouts, it does not compete with its private equity clients.
Prior to joining Tresmares Capital, Philippe Arbour was a Managing Director in the Senior Debt team at ICG plc. He was also previously a partner at Palamon Capital Partners LP, after having been a Director at Lloyds Bank plc, in its Leveraged and Acquisition finance team. He is joined in the UK operation by Investment Directors José Ignacio Dengra and Miguel Sánchez, and there are plans to quickly grow the London team.
FinSMEs
24/11/2022