The bilateral loan was structured with conservative leverage and very close to pricing from major banks, sources told this column.
Sydney’s Epsilon Direct Lending, a private credit boutique founded by former Commonwealth Bank leveraged finance operatives, has emerged as the financier of Pemba Capital Partners’ big British foray.
Epsilon Direct co-founders (left to right) Paul Nagy, Mick Wright-Smith, Joe Millward.
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The corporate regulator has started legal proceedings against the nation’s biggest bank, alleging that it misled 42,000 business customers and overcharged them about $8.5 million in fees.
The bank attributed the higher rate of people struggling to inflation and rising interest rates.
