Investment bank Macquarie and French alternative asset manager Tikehau have provided financing to support an acquisition by Oaktree Capital Management, in the first deal to be completed under a joint credit programme set up last year.

The two firms confirmed that they have provided €53m in unitranche financing - a form of debt which includes both a senior and subordinated element - for Oaktree Capital Management's buyout of Finnish wastewater collection company Evac Oy from marine group Zodiac.