Crescent backs Infravadis with senior secured debt to fund Oakley's buy-and-build
What's the deal? CrescentDealroom has a profile for this one. Try Dealroom →, an alternative investment firm, has provided a senior secured private debt financing to InfravadisDealroom has a profile for this one. Try Dealroom →, a tech-enabled platform serving the European underground infrastructure maintenance market. Infravadis is a portfolio company of Oakley CapitalDealroom has a profile for this one. Try Dealroom →.
Where does the money go? The financing partially refinanced the capital Oakley Capital deployed to acquire Infravadis. It also provided a capex and acquisition facility to support Oakley Capital's buy-and-build strategy for the platform.
Who advised? Latham & WatkinsDealroom has a profile for this one. Try Dealroom → advised Crescent on the deal. The team was led by Frankfurt finance partner Sibylle Münch and counsel Rainer Adlhart, with counsels Ralph Dräger and Cora Grannemann. Hamburg partner Tobias Klass and associate Henning Kleymann handled tax matters.
The signal: Private credit continues to fund private equity roll-ups, with lenders like Crescent supplying flexible debt to back acquisition-hungry sponsors. Infravadis' place in underground infrastructure maintenance — an unglamorous but essential niche — reflects the growing appetite for stable, service-led assets in Europe.
