CVC Credit Partners announced today that its European Private Debt business has provided a second round of financing to the Gedesco Group ("Gedesco") following the original deal in 2015 to support the growth of the business.

Headquartered in Valencia, Spain, Gedesco is the largest independent specialist invoice-discounting and factoring operator in the country. The business developed a market-leading proprietary risk management platform and leverages on its extensive origination capabilities with more than 25 offices across Spain. Gedesco is able to provide prompt financing to companies, offering a wide range of products and financial services aimed at promoting and developing SMEs and the overall Spanish economy.

Neale Broadhead, Managing Director in CVC Credit Partners' European direct lending business, said: "Gedesco is a true leader in the invoice-discounting and factoring sector, offering financial support to many local operators that would otherwise have no access to the financial support they need. This transaction affirms CVC Credit's commitment to the region and we are delighted to continue our support for the company and its stellar management team, who we have enjoyed working with over the past three years."