London, 1 September 2021: Permira Credit, one of Europe’s leading specialist debt investors, today announced that funds it advises are acting as senior secured lender to FSN Capital VI’s investment in Gottfried Stiller GmbH | MEGABAD. The support highlights Permira Credit’s focus on high quality, growing tech-enabled businesses and builds on Permira’s proven track record of investing in ecommerce platforms.
Originally founded in 1973 as Gottfried Stiller GmbH, MEGABAD is a leading e-commerce retailer of sanitary products and accessories based in Germany. MEGABAD offers a wide range of products through its state of the art website and mobile applications to a broad customer group primarily in the DACH region. With its industry-leading product assortment of top international brands and a broad portfolio of own branded products, the company serves both B2C and B2B customers.
Collectively, the Permira Credit funds have invested approximatively €13bn since inception in a range of European debt products, including over €9bn in European direct lending. Permira Credit has supported more than 300 companies across its strategies since its establishment in 2007.