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24 Feb 2020 07:00
VPC Specialty Lending Investments PLC
Acquisition of Significant Minority Stake by SVS Opportunity Fund, L.P.
24 February 2020
VPC Specialty Lending Investments PLC ("VSL" or "the Company") announces that SVS Opportunity Fund, L.P. ("SVS") has acquired 16.61% of the outstanding share capital in VSL from a major shareholder in the Company. SVS is a newly formed investment vehicle managed by Victory Park Capital Advisors ("the Manager") and backed by a large US insurance company, alongside the Manager and certain of its principals. Pro forma for the contribution of existing shares owned by the Manager and its principals, SVS owns 18.12% of the Company.
Kevin Ingram, Non-Executive Director and Chairman of the Board of VSL, stated; "We are pleased to welcome SVS as a new significant shareholder in VSL. This investment is clear evidence of their confidence in VSL's management, long-term strategy and growth prospects. Building on the performance announced in January 2020, VSL is well-positioned to achieve its near- and medium-term objectives. We look forward to continuing to generate an attractive total return for all shareholders, built on a consistent distributable income and capital growth strategy, through asset-backed lending."
The information contained in this announcement is inside information.
Enquiries
For further information, please contact:
Victory Park Capital | via Winterflood or Jefferies (below) |
Brendan Carroll (Senior Partner and Co-Founder) | Email: info@vpcspecialtylending.com |
Gordon Watson (Partner) |
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Winterflood Securities Limited | Tel: +44 20 3100 0000 |
Neil Morgan |
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Chris Mills |
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Jefferies International Limited | Tel: +44 20 7029 8000 |
Gary Gould |
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Stuart Klein |
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Link Company Matters Limited (Company Secretary) | Tel: +44 20 7954 9567 Email: VPC@linkgroup.co.uk |
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Edelman | Tel: +44 20 3047 4228 |
Charles Harrison | Email: Charles.harrison@smithfieldgroup.com |
Ed Brown |
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About VPC Specialty Lending Investments PLC
VPC Specialty Lending Investments PLC (Company No. 9385218) is a UK listed investment trust focused on asset-backed lending to emerging and established businesses with the goal of building long-term, sustainable income generation. The Company identifies investment opportunities across various industries and geographies to offer shareholders access to a diversified portfolio of opportunistic credit investments originated by non-bank lenders with a focus on the rapidly developing technology-enabled lending sector.
This document is for information purposes only and is not an offer to invest. All investments are subject to risk. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results.
LEI: 549300UPEXC5DQB81P34
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