Crescent Capital Group has provided unitranche financing to support the refinancing and recapitalization of Infravadis, a portfolio company of Oakley Capital focused on underground infrastructure maintenance in Europe.
The financing was provided through Crescent’s European Specialty Lending strategy and also includes an acquisition facility intended to support Infravadis’ continued buy-and-build strategy.
The companies did not disclose the size or other financial terms of the financing. Crescent European Specialty Len…
Infravadis operates a technology-enabled platform serving the European Underground Infrastructure Maintenance market, with a growing network of regional operations across Germany.
The company intends to use that platform as a foundation for broader expansion across Europe.
Its services include cleaning, inspection, and rehabilitation of pipes, drains, and sewer infrastructure for commercial and residential customers.
Infravadis combines traditional infrastructure maintenance expertise with digital tools and technology-enabled operating processes intended to improve service quality and efficiency.
Crescent’s financing provides capital for both the company’s existing needs and future acquisitions.
The acquisition facility is particularly relevant to Infravadis’ buy-and-build strategy, under which the company can expand by acquiring additional regional businesses and integrating them into a larger platform.
Crescent sees consolidation opportunities because the underground infrastructure maintenance sector remains fragmented across Germany and other European markets.
Oakley Capital is supporting Infravadis as the company develops a larger European network around essential infrastructure maintenance services.
The financing gives the business additional flexibility to pursue acquisitions while refinancing and recapitalizing its existing capital structure.
Crescent Capital is a global credit investment manager with $53 billion in assets under management as of June 30, 2026.
The firm has operated for more than 30 years and focuses on non-investment-grade credit across both marketable and privately originated debt.
Its strategies invest across senior bank loans, high-yield bonds, private senior debt, unitranche financing, and junior debt securities.
Crescent is headquartered in Los Angeles and maintains offices in New York, Boston, Chicago, London, and Frankfurt, with more than 240 employees globally. Crescent European Specialty Len…
The firm is part of SLC Management, Sun Life’s institutional alternatives and traditional asset management business.
The Infravadis transaction gives Crescent exposure to a business providing recurring services around pipes, drains, and sewer systems while providing Oakley Capital with additional financing capacity for the company’s acquisition strategy.
KEY QUOTES:
“Infravadis is well positioned to continue consolidating in the highly fragmented and growing underground infrastructure maintenance market, both in Germany and across the broader region. We are pleased to support Oakley Capital and Infravadis with a flexible financing solution that addresses the company’s current capital needs while providing additional capacity to execute on its buy-and-build strategy.”
Christine Vanden Beukel, Managing Director And Head Of Crescent’s European Specialty Lending Strategy
