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19 April 2017

Spire Partners Win GlobalCapital’s 2016 European CLO Manager of the Year and CLO of the Year Awards

LONDON, 6 April 2017 – Spire Partners (“Spire”) has been voted European CLO Manager of the Year by GlobalCapital.  In addition, Aurium CLO II Designated Activity Company (“Aurium CLO II”), managed by Spire, has been voted European CLO of the Year.

Commenting on the awards, Phil Bennett-Britton, Partner and Portfolio Manager, said “We are truly honoured to receive these prestigious industry awards, and would like to thank our investors, partners and other market counterparties for their continued support.  The European CLO market has many highly respected managers, and we are delighted that the team’s hard work has been recognised by the industry in this way.”

Closed in June 2016 and arranged by Credit Suisse, Aurium CLO II was Spire’s second European CLO, and was upsized to €360 million following strong investor demand across the capital structure.  At the time of issue, the AAA coupon was the low print of the year.

The awards were presented at IMN’s annual investor conference on European CLOs and Leveraged Loans in London on 5 April 2017.  In April 2016, Aurium CLO I was voted GlobalCapital’s 2015 European CLO of the Year.

Last month, Spire priced its third European CLO, Aurium CLO III DAC.  The €387 million transaction takes Spire’s CLO assets under management to more than €1 billion.