•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Laxman Pai, Opalesque Asia:

The private debt fund activity in France in 2018 recorded sharp increase confirming the growing importance of private debt in financing methods, offering companies and equity investors an alternative and complementary financing solution to bank debt.

According to a new report by France Invest (Association of Investors for Growth) and Deloitte based on a survey of members of the France Invest Private Debt Commission and international firms which have a team specialising in private debt or a representative office in France, EUR3.5bn raised in 2018 by six French funds - i.e. a 48% increase compared with 2017 - which will finance companies with private debt.

An aggregate of EUR7bn in private debt financed 147 transactions carried out by French and foreign funds active in France. This represents an increase of 16% in amounts invested and 20% in transactions compared with 2017.

Guillaume Leredde, Assistant Director of Deloitte Debt Advisory said: "Private debt funds continued to grow strongly in 2018 and we also saw the arrival of new foreign inflows, confirming France's attractiveness in this market. The transaction data show that the French market is still concentrated over the 2017-18 period, with 45% of the amounts invested provided by five funds, including two UK-based funds. The arrival of new entrants will lead to a greater diversity of financing offers for companies, as we have seen in the UK in recent years."

As la......................

To view our full article Click here