By Andrei Skvarsky.
Investment group Permira Debt Managers (PDM) has announced that one of its funds is acting as the sole lender to buyout firm Bridgepoint in the acquisition of Private Sport Shop, one of France’s largest sports equipment online retailers.
The lender is direct lending fund Permira Credit Solutions II (PCS2), according to a statement from PDM, which is headquartered in London. The borrower and buyer of Private Sport Shop, PDM said, is Bridgepoint Development Capital, a business that specialises in buying stakes of between €10m and €75m in mid-market firms that are valued at up to €150m.
PDM, which is a debt investor, has offices in Britain, France, Germany, Sweden, Italy and Spain, and five sector teams specialising in consumer markets, financial services, healthcare, industrials and technology.
Private Sport Shop has about eight million customers.
Bridgepoint, which is also based in London, typically makes equity investments of between €75m and €400 million in companies capitalised at between €200m and €1bn.
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