Kartesia is pleased to announce today that upon the refinancing of Potel & Chabot initiated by the issuance of new Senior loans, the Altercap funds were fully repaid at par of their investment into the Mezzanine debt issued by Potel & Chabot plus an equity-linked instrument.
Materis is a leading European manufacturer of specialty building materials, mostly targeting the refurbishment and construction end markets with high value-added products, such as admixtures, aluminates, mortars and paints.
Harbourmaster is a top quartile CLO manager in Europe now controlled by the Blackstone group. The Altercap funds invested in the subordinated tranches issued by the two static CLO 7x and 10x composed each of 50 to 75 senior leveraged loans with average maturity of the portfolios at September 2015.
Set up in 2009 following the crisis and managed by Carlyle. STLO offered an exposure to a solid portfolio of leverage loan names via the subordinated CLO liabilities at a significant discount of their net value.