By Andrei Skvarsky.
Global investment firm Permira has refinanced a loan it provided for French electronic surveillance equipment manufacturer Anaveo a while ago.
The purpose of the refinancing was to support the “long-term growth strategy” of what is reputedly France’s number-one producer of surveillance devices and has subsidiaries in China, Belgium and Poland in addition to its operation in France, British communications company Montfort said in a statement.
Permira, which is headquartered in London and whose full name is Permira Debt Managers (PDM), started backing Anaveo in December 2015 by providing debt financing for its buyout by British private equity firm Bridgepoint Development Capital.
The current refinancing of the Lyon-headquartered company was done by Permira Credit Solutions Funds (PCS Funds), a PDM division.
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