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Acquisition of Significant Minority Stake

24 Feb 2020 07:00

RNS Number : 8212D
VPC Specialty Lending Invest. PLC
24 February 2020
 

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)

 

 

 

Winterflood Securities Limited

Tel: +44 20 3100 0000

Neil Morgan

 

Chris Mills

 

 

 

Jefferies International Limited

Tel: +44 20 7029 8000

Gary Gould

 

Stuart Klein

 

 

 

Link Company Matters Limited (Company Secretary)

Tel: +44 20 7954 9567

Email: VPC@linkgroup.co.uk

 

 

Edelman

Tel: +44 20 3047 4228

Charles Harrison

Email: Charles.harrison@smithfieldgroup.com

Ed Brown

 

  

 

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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