Ashurst advises Castlelake on investment in IMH
17 June 2022
17 June 2022
Global law firm Ashurst has advised Castlelake, L.P. ("Castlelake") on its $150 million investment in Swedish specialty lender, IMH. The investment includes the acquisition of IMH's existing loans and a financing facility for the origination of new loans.
Castlelake is a global alternative investment manager with approximately 17 years of experience investing in asset-rich opportunities. The investment is expected to enable IMH to provide loans of up to SEK 50 million to small to medium-sized real estate investors and developers to address their short-term liquidity needs in areas such as construction and operations, and bridge loans backed by real estate assets.
The Ashurst team was led by partner Tom Picton, with support from partner Isabelle Lentz and Senior Associate Katia Fettes on Luxembourg law matters.
Thomas Picton said: "We are pleased to have advised Castlelake on its continued expansion in the Nordic region. Ashurst's dedicated specialty finance team provides advice on all aspects of funding, regulatory advice andM&A within the specialty finance space, and our team is very pleased to have worked with the Castlelake and IMH teams to support SME lending in Sweden."