Tresmares Capital secures senior financing for Urban Care Group

What's the deal? Spanish private credit firm Tresmares CapitalDealroom has a profile for this one. Try Dealroom → has provided a senior financing package to Urban Care GroupDealroom has a profile for this one. Try Dealroom →, a deal on which law firm Loyens & Loeff acted as adviser to the lender.

Details on the size of the financing or its specific terms have not been disclosed.

The signal: Urban Care Group, which specialises in management for homeowners' associations, is at the early growth stage according to Dealroom — making this senior financing a sign of private credit's expanding appetite for niche services businesses in Europe. Tresmares Capital's involvement underscores how Spanish investment funds are carving out a role as flexible lenders to portfolio-backed companies at a time when traditional bank financing for mid-market deals remains constrained.

Read more: loyensloeff.com