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 in Gilde’s acquisition of Netherlands-based Xindao. The deal is PDM’s first with Gilde and continues their strategy of supporting high-quality sponsors and ambitious niche market leaders.
The funding will support the existing management’s growth strategy and expand Xindao’s leading position with high product quality, unique designs and superior service offering.
Xindao, a leading supplier of functional business gifts, has been growing at double-digit growth rates for over a decade. Over the last several years, Xindao has transformed into a pan-European leader in the premium segment with an integrated supply chain and dedicated design team, enabling differentiated supply of products through various value-added services from in-house design and customization to quality control and fast-delivery.
Annie Grube, Associate Director at PDM, said:
“We are delighted to have been able to support Gilde and Xindao in providing a flexible credit solution to support their continued growth ambitions.
“Xindao is a leading business in a fragmented market where we see significant scope for both growth and consolidation. The company has a strong growth track record and, with its premium brand, is well-positioned to continue its strong performance.
“We look forward to working with the teams at Gilde and Xindao to support the next stages of this business’ development.”