By Andrei Skvarsky.
Debt investor Permira Debt Managers (PDM) has provided private equity firm Trilantic Europe with a loan for the acquisition of YM&U, a talent management company that was formerly called James Grant Group but was renamed during a rebranding simultaneous with the buyout.
PDM has not disclosed the size of the loan, which was provided by its direct lending fund Permira Credit Solutions III (PCS3). Nor has it said whether the loan covers the entire cost of the buyout, a sum that the Music Business Worldwide news website has put at between $140m and $160m.
“The deal continues PDM’s strategy of partnering with successful, fast-growing businesses globally and supplying the funds to support their continued growth, both organically and inorganically,” PDM said in a statement announcing the loan.
Funds run by PDM, which is headquartered in London and also has offices in Guernsey, Luxembourg and California, have provided more than 6bn euros of capital to over 120 businesses in 12 European countries since the company was set up in 2007.
YM&U, which is based in London, is an adviser to clients in a broad range of sectors, including television, film, music, entertainment and sports.
Its clients include actors Keeley Hawes and Michael Fassbender, TV presenters Holly Willoughby and Graham Norton, electro house musician Steve Aoki, rock band Blink-182 and electronic music band Clean Bandit.
Trilantic, which has offices in London, Guernsey and Luxembourg, focuses on mid-market transactions.
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