By Andrei Skvarsky.
London-based debt investor Permira Debt Managers (PDM) is currently making a debt refinancing loan to DL Software, a French software publisher for small and medium-sized businesses.
The money is coming from one of PDM’s funds, Permira Credit Solutions III (PCS3), which is acting as the sole lender under the refinancing project, PDM said in a statement without disclosing the sum.
PDM focuses on investing in medium-sized European firms.
PCS3 has by now invested in more than 30 businesses. Its DL Software loan “continues the focus on tech-enabled pan-European business opportunities”, the statement said.
PDM investment director Roy Awad described Paris-based DL Software as “a quality business with strong sustainable growth plans, both organically and acquisitively”.
The refinancing project follows transactions in which DL Software sold its medical arm DL Sante and acquired French software company Devlyx.
DL Software, which is owned by French investment firm 21 Centrale Partners, is a vertical software editor providing services for more than 10,000 clients in four markets – retail, healthcare, wholesale and tourism.
The software company has a record of more than 15 acquisitions completed over the last 15 years.
PDM has offices in Guernsey, Luxembourg and the United States besides its London headquarters.
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