CVC Credit is pleased to announce that it has provided senior facilities to support French mid-market fund Siparex Group's investment in leading French wealth manager Orion Group ("Orion"). The commitment from European Direct Lending III reflects CVC Credit's strong relationships in the French market, as well as the CVC Network's track record of investing in the sector.
Founded in 2009 and headquartered in France, Orion is a leading wealth management group with €1.9bn of assets under management. It employs a hybrid model based on two areas of activity: (i) a multi-service platform for some of the world's best known wealth management advisors and agents, and (ii) wealth management advisory delivered directly to clients through six wealth management platforms. Orion has built a strong market position and loyal customer base through its differentiated value proposition and with a well-recognised and highly scalable B2B platform.
CVC Credit, with their knowledge of the French market and sector expertise, were the natural choice for our investment in Orion.Guillaume Rebaudet
John Empson, Partner and Co-Head of Private Credit at CVC Credit, commented: "This transaction is testament to the CVC Network, which combines global expertise and relationships and local market intelligence. Orion is poised to continue its strong growth trajectory, thanks to its differentiated B2B offering and the industry consolidation potential, which Orion will continue to capitalise on having built a strong M&A track record."
Guillaume Rebaudet, Partner at Siparex Group, added: "CVC Credit, with their knowledge of the French market and sector expertise were the natural choice for our investment in Orion and we look forward to working with them throughout the company’s next phase of growth."