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Hogan Lovells advises Fidelity on its first European direct lending fund transaction

Led by partner Wouter Jongen and counsel Sid Saxena, the Hogan Lovells Amsterdam banking team has advised Fidelity International on a senior financing package to Dutch dental services company Clinias Dental Group.

This transaction marks the launch of Fidelity’s first Direct Lending Fund in Europe to institutional investors, which will lend to mid-market European companies.

Fidelity International is a global asset manager with $744.8 billion in total client assets. The Fidelity European Direct Lending Fund is based in Luxembourg and will incorporate Fidelity’s Sustainable Investing framework.

Clinias Dental Group provides a range of dental care services in the Netherlands, and is owned by Bencis and Clinias’ management.

Bencis is an investment company operating in the Netherlands, Belgium and Germany, currently investing in 32 businesses with a combined turnover of approximately €2.5 billion.

The Hogan Lovells team was led by partner Wouter Jongen and counsel Sid Saxena, with support from senior associate Annebeth Bleeker (Amsterdam) and associate Viney Moerliesing (Amsterdam).

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