Colesco supports the growth of the newly formed Circreate Group consisting of real estate sustainability and maintenance partners Constructif and Willems
Utrecht, 24/05/2024 – Colesco, a sustainability-led direct lender, is pleased to announce that it has provided financing to the Circreate Group B.V. ("Circreate Group"). Colesco has completed its first investment in the energy transition by supporting the Circreate Group in its growth ambitions.
The Circreate Group provides real-estate renovation, maintenance and sustainability improvement ("RMI") services to Dutch housing corporations and semi-public organisations such as educational and healthcare institutions. The Circreate Group increases the energy efficiency of buildings and fits firmly within the ‘Energy Transition’ theme of Colesco's thematic investment strategy.
The sustainability-linked unitranche financing facility provided by Colesco will be used to refinance Constructif's existing financing as well as to support its continued growth and expansion supported by IceLake. As part of a buy and build strategy, Constructif recently partnered with its peer Willems Vastgoedonderhoud B.V. ("Willems”) to form the Circreate Group. “IceLake is delighted to partner with Colesco on this transaction. IceLake and Colesco are aligned in wanting to support companies achieve both their financial and sustainability goals, enabling the Circreate Group to benefit from supportive partners with unified aspirations.”
Jacco Rolvink, Head of Benelux at Colesco commented: “We are proud to be a partner of the Circreate Group and help accelerate their growth journey. After its partnership with Willems, the combined company will become a leading player in the consolidating Dutch RMI market and contribute directly to the improvement of energy efficiency of real estate, helping to mitigate climate change whilst increasing the quality of living."
Karin Huizinga, Responsible Investment Officer at Colesco added: "The Circreate Group perfectly embodies the type of company we want to partner with. Their core activities are strongly and intentionally focused on sustainability and liveability, and they generate real-world impact. We look forward to working closely with their management team and supporting them to realise their ambitious sustainability goals."
For further information please contact:
PR related questions: Amy Williams,amy@whitewillowpr.com,+44 (0) 7734671067
Other questions: investors@colescocapital.com, +31 (88) 7269122
For more information on the Circreate Group: Circreate - Imagine a world where sustainability is the standard
About Colesco
Colesco is an innovative direct lender with a mission to unite capital and purpose. It provides senior secured debt (including unitranche loans) and subordinated debt to leading European mid-market companies (between €10m-€100m EBITDA) that seek to achieve their sustainable growth ambitions.
Colesco is backed by Rabobank – a global financial institution with a rich heritage. Colesco combines its long history of credit investing at Rabobank with a differentiated investment approach.
With a clear focus on thematic investing and a wide network in both its home market of the Benelux and across Europe, Colesco is a reliable, long-term partner to companies that want to realize their growth ambitions while offering investors the advantages of a growing private debt market.
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