Proventus Capital Partners supports ownership transfer of Santa Fe Relocation from Santa Fe Group
September 25, 2019
Since March 2018, Proventus Capital Partners is the main financier of Santa Fe Relocation, a leading global supplier of relocation services, serving a wide range of customers worldwide.
In order to further develop the operations of Santa Fe Relocation, Proventus Capital Partners has today agreed with the sole owner – the publically listed parent company Santa Fe Group A/S – that all operations under the Santa Fe Relocation brand (Santa Fe Group Limited and its subsidiaries) is acquired by Santa Fe Intressenter AB, a company controlled by Lazarus Equity Partners with the support from Proventus Capital Partners. Proventus Capital Partners will continue to provide financing to Santa Fe Relocation.
– I am very pleased that we have found a solution that ends the uncertainties surrounding Santa Fe Relocation. The long-term financing of the operations is now secured, and this provides opportunities going forward which benefit employees, customers, agents and suppliers of Santa Fe Relocation, says Gabriella Sahlman, Investment Director at Proventus Capital Partners.
– We are excited to assume the operational responsibility and ownership of Santa Fe Relocation. It is now full focus on driving the business at full speed and accelerating the implementation of the restructuring plan, says Claes Jonson, Chairman of Lazarus Equity Partners.
Lazarus Equity Partners, an affiliate of Lazarus Advisory Services, invests in companies in change where the team’s long experience from implementing operational turnarounds is important.
Proventus Capital Partners is an active credit investor and loan provider to Northern and Western European companies in need of capital for expansion, acquisition financing, restructurings and refinancing. Proventus Capital Partners also conducts investments in publically traded corporate credits. The funds of Proventus Capital Partners have combined assets of EUR 2.5 billion and are managed by Proventus Capital Management AB, which is owned by management.
For more information:
David Ullenius, Investment Director, +46 8 723 31 00