King & Wood Mallesons has advised Céréa Partenaire on the structuring of its first priority debt fund, Céréa Dette.

Céréa Dette exceeded its initial target of €200 million, holding a final close of its €270 million hard-cap. The fund was predominantly raised from insurance companies and French mutual funds.

Céréa debt has the distinctive feature of not only offering acquisition financing (senior debt and unitranche), but also corporate financing (such as Euro PP).

The KWM team was composed of International Funds partner Nathalie Duguay, with associates Agnès Rossi and Nicolas Capelli; alongside Tax partner Raphaël Béraand associate Thomas Guillier.