FORT WORTH, Texas, Oct. 3, 2017 /PRNewswire/ -- Crestline Investors, Inc. ("Crestline"), an institutional alternative asset manager, is pleased to announce the recent closing of a refinancing and acquisition facility of Quintes Holding BV ("Quintes"), an insurance intermediary business based in The Netherlands. Quintes will use the acquisition facility to scale up its business-to-business portfolio in the non-Randstad regions of the Netherlands.
In this investment, Crestline has teamed up with Dutch asset manager Dexteritas Capital Partners BV ("Dexteritas"), which has in-depth local market knowledge in the Benelux, an economic union in Western Europe that includes Belgium, the Netherlands and Luxembourg.
The financing was provided through the Crestline Opportunity Fund III strategy and Dexteritas Corporate Investments-1 B.V. Crestline Opportunity Fund III is a part of Crestline's opportunistic investment group that invests primarily in small to mid-size corporate and asset-based investment opportunities.
"We have worked closely with Crestline and Dexteritas to fine-tune our buy-and-build strategy with a capital structure that is fitting for the future. The industry has seen significant changes over the last few years driven by regulatory changes as well as technology. With a strengthened equity position and the available acquisition facility, Quintes is in a healthy position with all the tools necessary to be a consolidator in the industry," said Gijsbert van de Nieuwegiessen, CEO of Quintes.
"We are delighted to be supporting Quintes through this investment," said Andrey Panna, Managing Director at Crestline Europe, LLP, the European affiliate of Crestline Investors. "We are impressed with the quality of the team at Quintes and look forward to working with Gijsbert and his colleagues to help accelerate Quintes' growth."
Jens Jantzen, Managing Partner at Dexteritas, believes that "Quintes is well placed to play a role in the consolidating insurance market. We are very pleased to be able to assist the company in this effort."
Quintes was advised by Roodhals Capital and legal advisor BarentsKrans. Crestline and Dexteritas used NautaDutilh as their legal advisor and Trip Law as Notary.
About Crestline Investors, Inc.
Crestline Investors, Inc., founded in 1997 and based in Fort Worth, Texas, USA is an institutional alternative investment management firm. Crestline specializes in credit and opportunistic investments, including financing and restructuring solutions for mature private equity funds. In addition, the firm manages a multi-PM equity market-neutral hedge fund, and provides Beta and Hedging Solutions for Institutional clients. In addition to its Fort Worth headquarters, the company also maintains affiliate offices in London, New York City, Chicago, Toronto and Tokyo. For more information, please visit www.crestlineinvestors.com.
About Quintes Holding
Quintes is a Dutch insurance intermediary business, carrying several local brands with deep regional ties and highly experienced team of professionals. The company has the backbone, IT infrastructure, operational and compliance skills in place to tie up with smaller players. It has concluded several acquisitions since 2012. For more information, please contact Gijsbert van de Nieuwegiessen, CEO of Quintes.
About Dexteritas Capital Partners B.V.
Dexteritas Capital Partners B.V. was founded in 2016 to invest in and provide funding solutions to small- and medium sized companies in the Benelux. The company specializes in more complex financing structures, including growth financing, ownership changes and capital restructuring.
For more information, please contact:
Crestline European Investment Opportunities:
+44 20 7747 2162
+1-212-279-3115 ext. 243
Dexteritas Capital Partners B.V.:
Folef Hooft Graafland
+31 (0)6 5162 9068
SOURCE Crestline Investors, Inc.