By Andrei Skvarsky.
A loan from debt investor Permira Debt Managers (PDM) has helped private equity firm Equistone Partners Europe to acquire Omnicare, a German provider of oncological services and cancer drugs.
PDM-advised funds acted as senior secured lender in the buyout project, the London-headquartered debt investment company said in a statement.
Most of Equistone’s business, which focuses on Benelux, France, Germany, Switzerland and Britain, are buyouts.
Equistone targets firms valued at between 50m and 500m euros and typically seeks to invest equity of between 25m and 200m or more euros in them from its 2.8bn-euro Equistone Partners Europe Fund VI.
Earlier on, PDM had provided German investment firm Genui with a loan for acquiring German tour operator Berge & Meer from multinational travel conglomerate TUI, according to a statement from the debt investment firm.
PDM funds acted as senior secured lender in this project as in Equistone’s buyout of Omnicare.
The PDM funds have invested more than 8bn euros in more than 150 European companies since the debt specialist’s inception in 2007.
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