By Andrei Skvarsky.
Funds advised by London-based debt investor Permira Debt Managers (PDM) are currently acting as the sole senior secured lender to Sotralu, a French manufacturer of accessories for sliding doors and windows, to enable the company to refinance its existing debt and finance future acquisitions.
Sotralu, whose business geography covers France, Italy and Iberia, is owned by Bridgepoint, a pan-European private equity investor focusing on buying out businesses valued at between 200m and 1bn euros (between $225m and $1.1bn).
The loan deal “continues PDM’s strategy of providing supportive capital to ambitious niche market leaders”, PDM said in a statement.
Since PDM’s inception in 2007, its funds have put more than 8bn euros ($9bn) into more than 150 European companies in a wide range of industries.
PDM is a subsidiary of Permira, an investment company with offices in various European countries, the United States, China, South Korea and Japan and five teams specialising in consumer sectors, financial services, healthcare, industrials and technology.
Sorry, comments are closed for this post.