Avoca Capital, a company formed in 2002 to provide investment advisory services to European collateralized loan obligations, is in the market with its debut deal targeting European leveraged loans and some mezzanine investments. Deutsche Bank is said to be the lead arranger for the E300 million transaction. Prior to founding Avoca, Donal Daly, managing director, was CLO Director at AIB Capital Markets, where he was responsible for the management of two CLO funds, Tara Hill (E350million) and Clare Island (E425million). Daly declined comment on the vehicle and any potential timing for pricing the notes.
Irish Firm Enters Euro CLO Mix