By Andrei Skvarsky.
A loan from London-based debt investment company Permira Debt Managers has helped German private equity firm Emeram Capital Partners to make an investment in ]init[, a German provider of information technology services, mainly for public sector institutions.
Funds managed by PDM have acted as the sole senior lender in a syndicated loan for Emeram, according to a statement from PDM.
The PDM statement suggested Emeram had bought out ]init[ while a statement from Emeram said the latter had “acquired a stake” in the IT company. Emeram declined to clarify this point to EmergingMarkets.me and to disclose the sum it had put into ]init[.
Emeram, which is headquartered in Munich, specialises in investing in medium-sized companies mainly in Germany, Austria and Switzerland.
]init[, which designs and implements IT solutions, employs more than 500 people at its headquarters in Berlin and in its outlets in Cologne, Mainz, Munich, Delhi and Brussels.
PDM says it has invested about 7.9bn euros (about $9bn) in more than 150 companies in diverse industries in 12 European countries since its inception in 2007.
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