Permira Debt Managers (“PDM”), one of Europe’s leading specialist debt investors, today announces that funds it advises are acting as sole senior secured lender to Sotralu in the refinancing of its existing debt and future acquisitions financing.
Sotralu, a European specialist manufacturer of aluminium accessories and joinery for sliding windows and doors in France, Italy and Iberia, is owned by Bridgepoint Development Capital.
The Permira Credit Solutions Funds’ financing will support the growth of the business and its buy and build strategy across Europe.
The deal continues PDM’s strategy of providing supportive capital to ambitious niche market leaders. It also marks further support from PDM to pan-European businesses backed by high quality sponsors.
The PDM funds have now supported over 150 ambitious and fast-growing European companies with over €8bn of capital since PDM’s inception in 2007.