Blazehill Capital

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Blazehill Capital, UK-based private credit fund, has announced an additional funding commitment from InterVest capital partners, a leading global alternative investment manager with >$10bn in AUM. This additional facility takes total committed funds to £350m and follows successful high-profile investments, including Kurt Geiger and Butcher’s Pet Care. The expansion of the capital base marks another important milestone for the platform and highlights InterVest’s ongoing support. With fresh capital from InterVest, Blazehill will continue to focus on providing debt facilities to the mid-market in the UK, Europe and USA. In addition to the new funding, Blazehill Capital has announced the promotion of Adam Sookia and Jake Hyman to Managing Director to help drive growth, support existing investments and further cement the platform’s position as an established provider of alternative credit. Rachid Ouaich, Head of Europe at InterVest capital partners, added: “Blazehill is now an established market player, and Adam and Jake’s promotion is recognition for the key role that they had in delivering the platform’s strategic agendas, both internally and externally. We are very excited for what the next few years will bring - our additional funding will be instrumental to further strengthening Blazehill’s presence in the market and evidences our commitment to the firm for the long-term.”

Congratulations to Sullivan Street Partners who have successfully invested in ZELUS, Authorized Licensee of NIKE, Inc., a leading designer and manufacturer of sports apparel and accessories.   Jake Hyman comments, "We're genuinely excited to have played a role in this transaction by providing a flexible financing package to support Sullivan Street Partners with their acquisition. It was a pleasure to work with all stakeholders throughout the process and we now look forward to watching Zelus deliver on its growth plans."   Jake Hyman Adam Sookia Jonathan Bayliss Meadhbh Kenneally Tom Weedall ZELUS, Authorized Licensee of NIKE, Inc. Sullivan Street Partners Pinsent Masons FGI

Blazehill Capital is pleased to announce the successful closing of a new 2nd lien term loan to support EirTrade Aviation, an aviation services business owned by US Sponsor Acorn Capital Management, with additional funding to accelerate growth initiatives. Adam Sookia, Head of Investments, Blazehill Capital, said: “This transaction is another great example of Blazehill Capital’s ability to work collaboratively with Senior ABL providers to deliver flexible financing structures, maximising the company’s access to liquidity. We look forward to supporting EirTrade and its investors with its ambitious growth plans.” Redmond Walsh, Chief Financial Officer, EirTrade Aviation, said: “We’re pleased to have worked with Blazehill Capital and Wells Fargo on this successful refinancing. The new combined facility will allow us to continue to invest into a growing portfolio of aviation assets and underpins our strategic growth objectives for years to come.” Greg Agnew Partner at Acorn Capital Management, said: ” We look forward to the new partnership with Blazehill Capital and Wells Fargo and found working with both teams to be seamless and straightforward. This major milestone for EirTrade will provide significant flexibility to accelerate our ongoing growth plans.” Jake Hyman Tom Weedall Nafeesa Cumming Jonathan Bayliss Michael Gould James Gilman Meadhbh Kenneally Blazehill were supported by Squire Patton Boggs Paula Laird Tom Dell'Avvocato Alice Moserova

Congratulations to Butcher's Pet Care, who have successfully been acquired by Inspired Pet Nutrition, which is now one of the UK's leading pet food brands.   We provided committed term debt facilities to Butcher's Pet Care in 2022, supporting the business with its ongoing growth.   Whilst this represents an exit for Blazehill, we are extremely proud to have played a part in the success story for Butchers, delivering transformational debt capital and allow the shareholders to optimise Enterprise Value.   Read more here: https://lnkd.in/eAtYkR8A   Tom Weedall | Jake Hyman | Adam Sookia | Michael Gould | Nafeesa Cumming | Meadhbh Kenneally | Jonathan Bayliss | James Gilman | Tim Watsham

We are pleased to share details on the sale of The Brewery on Chiswell Street, triggering the first exit from our Fund II Credit Opportunities Strategy.   We supported The Brewery On Chiswell Street with a £14m Senior Term Loan following the resurgence in demand post pandemic. The facilities were used to fund legacy working capital and provide liquidity to support investment and growth initiatives for both Shareholder and Company. Blazehill were supported by Pinsent Masons, team led by Catherine Howe, on the transaction. To find out more about the exit, read here: https://lnkd.in/eEzMdUVQ Tom Weedall | Adam Sookia | Michael Gould | Jake Hyman | Meadhbh Kenneally | James Varah

Jake Hyman, our Head of Origination, recently took part in the Real Deals ‘Midmarket debt open for business’ roundtable. For the discussion, Jake joined lenders and advisers from across the market to share thoughts on how the current macroeconomic conditions are shaping the midmarket private credit landscape and what we can expect over the next few months. See what everyone had to say here: https://lnkd.in/eURgDyTB Grant Davidson, Muzinich & Co | Aude Doyen, Lincoln International |  George Fieldhouse, Grant Thornton UK LLP | Elliot Gargan, Beechbrook Capital | Patrick Marshall, Federated Hermes | Chris Skinner, Deloitte | Natalia Tsitoura, Apollo Global Management, Inc.

Our Head of Origination, Jake Hyman, recently took part in a Private Credit Landscape panel at The IFT’s Funding Conference.   Covering a variety of topics, Jake discussed hybrid strategies and the increased use of alternative credit, along with what we can expect from the market over the coming months.   Jake was joined by Jeremy Smith, Adam Caines, Emma Lister and Tom Cox who all provided valuable insight from their own experiences in the sector.

As the Blazehill Capital team continues to grow, we are thrilled to welcome James Gilman to our team as an Associate!   Prior to Blazehill, James worked at EY’s FS Audit practice. James joins us at an exciting time as we continue to grow our portfolio and he will be supporting all aspects of the firm’s investment and operations activity.   Find out more about our team here: https://lnkd.in/e63xvBDH

Banks and alternative credit providers are working together to provide private equity-backed firms with flexible capital solutions in a still difficult-to-navigate environment.   Jake Hyman recently attended a Real Deals roundtable event, exploring this topic and what Blazehill is witnessing in the market, including the benefits of hybrid ABL plus cash flow lending, and why we're expecting to see activity levels remain high throughout 2024. Take a look at the full article here: https://lnkd.in/eTVySmfa