Channel Capital Advisors Facilitated $150M Financing Transaction for Rosy Blue

Channel Capital Advisors LLP has reportedly facilitated a $150 million financing transaction for Rosy Blue, a global diamond dealer, and manufacturer based in Antwerp, Belgium.

Channel has “provided cash and program management services and was responsible for the successful structuring and placement of this transaction.” The financing was “delivered in partnership with organizations including a global US investment banking firm, global insurers, legal advisors, and other service providers.”

The transaction “extends a facility previously arranged by Channel in 2018 for four years with a similar group of global institutional investors and lenders.”

Headquartered in Antwerp, Rosy Blue Rosy Blue claims it is “one of the world’s largest diamond manufacturers.” The company is “active in nearly every area of the global diamond industry, from rough-cutting and polishing to import, export and wholesaling.”

Hilmar Hauer, Head of Debt Products at Channel, said:

“This was an important transaction for Rosy Blue, allowing them to obtain term funding while also keeping its funding sources diversified across the institutional capital markets. We are pleased to have closed this transaction with leading global investors, despite the increasingly challenging finance market conditions in recent years. The bespoke deal follows a series of notable transactions for Channel in the diamond industry, further solidifying our track record of experience in facilitating greater financing opportunities in the sector. We look forward to continuing to build our partnership with Rosy Blue.”

As covered, Channel delivers “better financial results for its partners and their B2B clients with non-dilutive capital. Over 16 years, it has managed over $20 billion of credit assets, including loans, working capital facilities, and securities, as a UK-based, FCA-authorised and regulated asset manager.”

As noted in the update, Rosy Blue claims it is “a global leader in the trading of rough diamonds, manufacturing and distribution of polished diamonds and jewelry.”

As covered earlier this year, Channel Capital Advisors LLP has closed a mezzanine funding facility with TP24, a European fintech lending platform.

Channel is an FCA-regulated alternative investment fund manager (AIFM) “specializing in fintech, working capital and trade finance investments.”

Since 2014, the London-headquartered company has “deployed more than $9 billion of assets across fintech lending and working capital financing, including trade receivables, inventory, and supply chain finance.”

The mezzanine funding will “enable TP24 to free up equity capital to fuel their business growth and drive their global expansion plans.”

Headquartered in Zurich, TP24 is a data-driven business lender “providing working capital facilities to SMEs seeking a reliable financing solution.”

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