M&G acquires majority stake in Swedish P Capital Partners

Based in Stockholm with a team of 45 people, P Capital Partners (PCP) has raised some EUR 7 billion since its inception in 2002 and has a long track record in European direct lending. It specialises in providing bespoke financing solutions to mid-sized businesses that often encounter challenges in securing loans through traditional channels and may not wish to sell equity stakes to fuel growth. PCP has also been offering sustainability-linked loans for the past decade.

M&G will acquire 70 per cent of PCP with management retaining the remaining equity stake following the transaction. The private credit manager will become part of M&G Investments’ private markets business, complementing its established private credit and structured credit teams. “Tailored and creative funding to support entrepreneurs to drive innovation and growth is more critical than ever. Together with M&G, we are well-positioned to make funding more accessible. A win for entrepreneurs, family-owned businesses and the sustainable transition that they drive when given the opportunity to achieve their full potential,” says Daniel Sachs, founder and chief executive of PCP. The