Incumbent lender Ares Management is leading a roughly €475 million private credit loan to Scholt Energy to refinance debt and fund a dividend, according to market sources.
Bridgepoint is also part of the lending club. The financing was marketed off an EBITDA of around €100 million, the sources said.
Ares and Bridgepoint declined to comment. Waterland did not respond to a request for comment.
Waterland acquired the company in 2016. At that time, the deal was backed by debt provided by KBC, Investec and Rabobank.
Founded in 2005, Scholt is a Netherlands-headquartered independent energy supplier focused on the mid-to-large corporate segment, serving more than 12,500 customers. It operates in Belgium and Germany, in addition to its home country. It helps companies source their electricity and gas requirements.
Channel in Amsterdam Netherlands houses river Amstel landmark old european city spring landscape.
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