The direct lending firm Resilience Partners Fund I S.C.A., SICAR, has closed a new transaction by financing the acquisition of Tancar by Buran group. Tancar is an oil derivatives storage terminal previously owned by Duro Felguera S.A.
With this transaction, Resilience Partners continues its strategy of helping Spanish SMEs to finance its growth plans. Jose Santos, CEO of Buran group, said: “This acquisition is important for Buran as it allows us to incorporate a strategic infrastructure asset in the port of Cartagena, which will help the group developing our plans of vertical integration”. On the other hand, Maria Sabugal, partner of Resilience Partners that has led the transaction added: “With this new financing Resilience Partners consolidates its position in the Direct Lending sector, being a clear alternative that helps leading companies in executing their growth plans with debt financing”.
Resilience Partners continues with its solid pipeline, expecting to close 2-3 additional investments by the end of the year. Additionally, it continues giving liquidity to investors, having made two distributions since the beginning of the year, thus confirming the attractiveness of the cash component of this product.
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