Training | 2015.03.23
Ares Management & GE Capital Make an Anchor Investment in £265M Debt Package Supporting KKR’s Acquisition of theTrainline
LONDON--(BUSINESS WIRE)--Ares Management (NYSE: ARES) and GE Capital announced today that the European Loan Programme (ELP), a €3.0 billion joint venture between affiliates of the two global institutions that provides senior secured loans to upper middle market corporate borrowers has completed its first investment. The joint venture has made an anchor investment in a £205 million senior term loan to fund KKR’s acquisition of theTrainline, the UK’s market leading retailer of online train ticket
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