Urban Care Group (“UCG”) is the market leading housing association (“HOA”) management platform in the
Netherlands. Tresmares is refinancing the previous lender and supporting the next phase of growth.
UCG provides administration and support services to HOAs, arranges technical services (such as maintenance and repair work), and organises insurance for the buildings. The platform is driven by a continued focus on improving service levels for customers, by sharing best practices across HOA managers and developing ancillary services from its corporate centre; including initiatives such as the Urban Care Academy.
H2, founded in 1991, is one of Western Europe’s leading and most entrepreneurial ‘value-add’ investment firms. H2 focuses on mid-sized companies with an attractive long-term outlook and significant transformation potential through accelerated growth and/or operational improvements.
Tresmares has supported the platform by providing a senior financing package as well as a committed acquisition facility. Loyens & Loeff acted as legal advisors to Tresmares.
Joris Bakker, Partner at H2 Equity Partners said “At H2, we are very excited to continue supporting Urban Care Group with its impressive growth journey. UCG has become the leading consolidator in its sector, with scale, high-quality services and leading technology. With Tresmares as financing partner we anticipate to further accelerate UCG’s ambitious growth agenda.”
Richard Österdahl, Benelux, Nordics & Ireland Lead at Tresmares Capital said “We are really excited to be supporting such a high growth platform, which has become the market leader, two elements at the core of Tresmares’ investment philosophy. We were particularly impressed with the laser focus on improving customer outcomes, in a sector which is in need of professionalisation and digitalisation. It’s great to be partnering with H2 again, and we look forward the journey ahead.”
Phil Arbour, Managing Partner of Tresmares Capital UK said “H2's decision to bring this transaction to us is the highest form of validation — and a reflection of the trust we've built together. Relationships define how we do business at Tresmares, and we are delighted to once again partner with a manager we hold in such high regard. We look forward to supporting UCG's growth and development in the years ahead”.
About Tresmares:
• Tresmares Capital was originally established in Spain in 2020, and soon became one of the largest independent private capital fund managers in Iberia.
• Tresmares opened its London office in September 2022 under the leadership of Phil Arbour, as Managing Partner. The London-based team is responsible for sourcing debt and minority equity investments across the UK, Ireland, Benelux and the Nordics.
• Tresmares has grown into a pan-European investment firm, managing capital commitments in excess of €3.3bn.
• Tresmares’ direct lending strategy is sector-agnostic, targeting fast-growing businesses with €2m to €20m of EBITDA, with a product capability spanning from senior debt (including RCFs and TLA), junior debt and preferred equity. Other Tresmares strategies include Fund Finance and Funds of Funds.
• This represents Tresmares’ fourth transaction in the Netherlands in the last thirteen months and second with H2 Equity Partners
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