EQT Credit completes unitranche financing for Sykes Cottages
EQT Credit, through its Direct Lending strategy, is pleased to provide committed senior debt facilities to support Vitruvian Partners’ acquisition of Sykes Cottages Holdings Limited (“Sykes” or the “Company”). Proceeds were used to finance the acquisition and refinance the Company’s existing debt as well as provide committed acquisition facilities to support future growth. Sykes is a leading vacation rental management company, with more than 17,000 exclusively managed properties in the United Kingdom and New Zealand. The business has grown rapidly with significant investment in