PGIM Private Capital Invests $65.0M in ED&F Man Capital Markets US Holdings, Inc.
October 14 2021 - 8:33AM
Business Wire
PGIM Private Capital provided a $65.0M Senior Secured Credit
Facility consisting of a $50.0M Senior Secured First Lien Term Loan
and a $15.0M committed Delayed Draw Term Loan to ED&F Man
Capital Markets US Holdings, Inc., a global financial brokerage
business. PGIM Private Capital is a leading source of private debt
for public and private companies and is the private capital arm of
PGIM, the $1.4 trillion global investment management business of
Prudential Financial, Inc. (NYSE: PRU).
“We are pleased to provide funding to ED&F Man Capital
Markets to provide strategic financing for the business as they
pursue the next phase of growth. Our experience with similar
financings in this sector introduced us to the opportunity to work
with the Firm’s management team, forming a strong, direct
partnership. Our relationship-oriented approach is reflected in the
Firm’s mission centered on integrity, trust, client care and astute
risk management,” said PJ LaFemina, Vice President of
PGIM Private Capital’s Direct Lending group.
Christopher J Smith, Global CEO of ED&F Man Capital
Markets, said: “Our partnership with PGIM Private Capital’s
Direct Lending group is built on a relationship whose foundations
go back over many years. The provision of $65m of strategic
financing will enable us to leverage the significant opportunities
we see as a leading provider in global capital markets operating at
the heart of the financial services ecosystem. Our Firm has a
resilient and proven track record, a highly executable strategy,
and clear vision for the future This facility will enable us to
develop and achieve our financial and strategic goals.”
Matthew Harvey, Managing Director and Head of PGIM Private
Capital’s Direct Lending group, said: “We look forward to
supporting ED&F Man Capital Markets’ strategic journey and
working closely with their leadership team. Our Direct Lending
strategy is based on close, long-term relationships with strong
management teams, which was reflected through the Firm’s
outstanding leadership. Our thorough understanding and experience
with financing strategies and flexible structures enabled us to
provide a valuable solution as ED&F Man Capital Markets further
invests in their business.”
- Ends –
About ED&F Man Capital Markets
- ED&F Man Capital Markets was founded in 2012, and today
operates at the heart of the financial services ecosystem and is a
leading provider in global capital markets
- It has a global presence across the world’s major financial
centres
- It has a diverse range of asset classes resulting in a highly
resilient business which offers a ‘one stop shop’ offering an
unrivalled breadth of products and services: futures & options,
metals, fixed income, equities, energy, and foreign exchange
- Further information is available at
http://www.edfmancapital.com
About PGIM Private Capital PGIM Private Capital manages
more than $20 billion in outside non-affiliated assets through its
Institutional Asset Management unit and Alternative Investments
unit, comprised of Direct Lending, PGIM Capital Partners and PGIM
Energy Partners mezzanine funds. PGIM Private Capital manages a
$100.2 billion portfolio of private placements and mezzanine
investments through its regional office network (Atlanta; Chicago;
Dallas; Frankfurt, Germany; London; Los Angeles; Madrid; Mexico
City; Milan; Minneapolis; Newark, New Jersey; New York; Paris; San
Francisco and Sydney) and purchases up to $13 billion annually in
predominantly senior debt and junior capital. All data as of June
30, 2021. For more information, please visit
pgimprivatecapital.com.
About PGIM PGIM, the global asset management business of
Prudential Financial, Inc. (PFI) (NYSE: PRU). With offices in 16
countries, PGIM’s businesses offer a range of investment solutions
for retail and institutional investors around the world across a
broad range of asset classes, including public fixed income,
private fixed income, fundamental equity, quantitative equity, real
estate and alternatives. For more information about PGIM, visit
pgim.com.
Prudential Financial, Inc. (PFI) of the United States is not
affiliated in any manner with Prudential plc, incorporated in the
United Kingdom, or with Prudential Assurance Company, a subsidiary
of M&G plc, incorporated in the United Kingdom. For more
information please visit news.prudential.com.
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