The London office of Debevoise & Plimpton LLP has advised Park Square Capital (“Park Square”), one of Europe’s leading independent credit providers, on its $2.4 billion Credit Opportunities II senior debt program (“Credit Opps II”).

The committed capital includes equity which has been raised from a range of institutional investors from around the world, in particular European and U.S. pension funds, and leverage which has been provided by leading global financial institutions.

Credit Opps II will focus on providing senior secured debt financing for leveraged companies in Europe and North America, working alongside leading private equity sponsors.

Credit Opps II is able to invest in both primary transactions and secondary market purchases. This continues the successful strategy of Park Square’s first senior debt fund, Credit Opportunities I, which was raised in 2007.

The Debevoise team advising Park Square was led by London partner Geoffrey Kittredge, and included associates Ben Amos and Christopher Cartwright. Tax advice was provided by London partners Richard Ward and Matthew D. Saronson, assisted by Patrick Fasoro. Finance advice was provided by London partners Peter Hockless and Pierre Maugüé, assisted by international counsel Nathan Parker and associate Vikas Mehta. Debevoise & Plimpton LLP is a leading international law firm, representing a wide range of clients in transactions and disputes around the world. Founded in 1931, the firm has offices in New York, Washington, D.C., London, Paris, Frankfurt, Moscow, Hong Kong and Shanghai.