MV Credit supports add-on financing raised by PAI Partners portfolio company Ecotone

MV Credit, one of the leading pan-European private credit specialist and part of Natixis Investment Managers, announces it has participated in the TLB add-on and is the sole arranger of the PIK financing raised by Ecotone, used to fund a dividend to shareholders.

September, 2021

Ecotone is a European producer of organic, plant-based and sustainable food products. Most of its brands hold market leading positions and benefit from a good degree of brand recognition and loyalty.

Brands include Bjorg, Clipper Tea, Bonneterre and Whole Earth. These product lines benefit from positive market trends towards healthier, plants-based products. As a result, the company has enjoyed steady, non-cyclical growth, including through the COVID-19 pandemic.

MV Credit has a long-standing relationship with PAI Partners and has supported several of its portfolio companies throughout the years. The add-on financing comes on the back of Ecotone’s strong performance since PAI’s take-private of Ecotone in 2019, for which MV Credit also provided financing.

With a strong focus for Western European companies in less cyclical sectors such as healthcare, information technology and business services, MV Credit is committed to supporting high quality businesses to help them reach their growth plans, working closely with sponsors with which it holds long standing relationships.