Crescent European Specialty Lending Announces Financing for the Acquisition of PlayGreen by Bruin Capital
Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided financing to support the acquisition of PlayGreen B.V., a Netherlands-based holding company whose subsidiaries form one of the world’s leading natural turf management companies, by U.S.-based private equity firm Bruin Capital.
- Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided financing to support the acquisition of PlayGreen B.V., a Netherlands-based holding company whose subsidiaries form one of the world’s leading natural turf management companies, by U.S.-based private equity firm Bruin Capital.
- PlayGreen is comprised of Stadium Grow Lighting (SGL) and ALVA Technology and their subsidiaries.
- “Partnering with Bruin Capital and PlayGreen on this financing represents an exciting opportunity for Crescent to work with a highly-innovative, forward-thinking sponsor and support the sports industry’s go-to provider of unique turf solutions,” said Christine Vanden Beukel, Managing Director and head of Crescent’s European Specialty Lending strategy.
- “This transaction will help PlayGreen globally expand – particularly in the U.S. – and add complementary products, technology and services through investment and M&A as part of their partnership with Bruin Capital.”