Metric Capital Partners, a debt fund manager led by former Terra Firma and Towerbrook execs, has invested in UK care and education provider Kedleston a week after backing Dutch hotel group TVHG.
Kedleston supports children with emotional, behavioural and learning disabilities through nine schools throughout the country.
Metric has backed the company's MBO from previous owner Lydian Capital and has co-invested with debt-focused asset manager Alcentra on the deal.
The Metric team invested alongside Duke Street when it bought out LM Funerals in April and then lent capital to TVHG earlier this month.
Former Towerbrook managing director John Sinik set up Metric in May last year to plug a funding gap caused by the ongoing dislocation in the credit supply for medium-sized enterprises in Europe.
He had previously joined Towerbrook, a private equity firm with offices in London and New York, in April 2008 from UBS – where he worked as the bank's global head of corporate credit.
Ex-Terra Firma managing director Peter Cornell and Giovanni Miele, who served stints at UBS and Barclays Capital, also head up the nascent firm as partners. Cornell looks after investor relations, while Miele originates deals.
The trio are still in the market with their debut fund, which is targeting €300m, and they have reached an undisclosed first close.