Apex Group supports Pricoa Private Capital in Real Betis Balompié refinancing
Apex Group Ltd. (“Apex Group” or “The Group”), a global financial services provider, announces its appointment in support of Pricoa Private Capital’s (“Pricoa”) provision of senior capital to Real Betis Balompié for refinancing.
Pricoa Private Capital is part of PGIM, Inc., the principal asset management business of Prudential Financial, Inc. Real Betis Balompié, a Spanish professional football club based in the city of Seville, competing in the first division of La Liga, sought capital to improve its capital structure and refinance existing debt with a single, long-term capital partner.
In January 2023, Pricoa provided the Club with a €65m senior secured term loan and was chosen due it its deep sector expertise, relationship-based approach, and ability to provide long-term capital with a patient amortization schedule.
Apex Group in Spain acted as the Facility and Security Agent for the transaction. Apex Group is a leading provider of services to capital markets transactions including Facility and Security Agency services for a wide variety of fund structures and asset classes. Expert local teams have the in-depth understanding of the funds industry and local regulatory framework to tailor Transfer and Security Agency services to suit the operational needs of individual clients.
Apex Group expanded its presence in the Spanish market in 2022 via the acquisition of Sanne Group and now employs over 75 local experts via offices in Madrid and Valencia.
Manuel Rodríguez, Regional Head of South & East Europe for Apex Group comments: “We are proud to support Pricoa Private Capital through our Loan and Security Agent services. Our global reach, local knowledge and consultative client-centric approach sets us apart. Our single-source solution model - featuring a combination of SPV administration, Agency and Trustee services together with the Group’s fully licensed bank - is designed to enhance our client’s strategic objective throughout the transaction lifecycle.”
Jose Ortiz, Vice President of Pricoa Private Capital further adds: “We are proud to be working in partnership with Real Betis Balompié, providing supportive financing for the Club. Our long-term approach provides the club with visibility and supports their ambitions both on and off the field. We are pleased to be working with Apex Group who share our commitment to building enduring and collaborative long-term, local partnerships.
About Apex Group
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 94 offices worldwide and 12,000+ employees in 38 countries, Apex Group delivers an expansive range of services to asset managers, financial institutions, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody, super ManCo and fund raising services, corporate services including HR and Payroll and a pioneering ESG Ratings and Advisory solution. Apex Group’s purpose is to be more than just a financial services provider and is committed to driving positive change to address three core areas; the Environment and Climate Change, Women’s Empowerment and Economic Independence, Education and Social Mobility.
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About Pricoa Private Capital
For nearly 100 years, Pricoa Private Capital has been partnering with a wide range of corporations, sponsors, and institutions to provide valuable insights and customized capital solutions that enable them to achieve their growth and funding goals.
In an industry where capital can seem like a commodity and relationships are often fleeting and transactional, we are known for building enduring local partnerships based on a steady and patient commitment to our partners’ long-term capital needs. With regional teams in 15 offices around the world, we manage a portfolio of nearly US$98.6 billion (as of 3.31.23)