Permira Debt Managers (“PDM”), one of Europe’s leading specialist debt investors, has continued its strategy of partnering with successful, fast-growing businesses across Europe by announcing today that direct lending fund Permira Credit Solutions III (“PCS3”) is acting as sole lender to finance the acquisition of Maxicoffee.com by Daltys.
PCS3 first invested in Daltys in July 2017, when it provided a €150m financing package to support its refinancing and acquisition strategy.
Founded by Christophe Brancato, its current CEO, and backed by 21 Centrale Partners, Daltys has grown both organically and through acquisitions to establish the leading French operator of coffee solutions “direct-to-consumer” on all distribution channels: Vending Machines, Coffee Solutions, Coffee Shops, Retail and now Online. The Group has a wide national network of agencies enabling it to win national contracts, promote efficiencies at a regional level and benefit from favourable purchasing terms.
Roy Awad, Investment Director at PDM, commented: “Daltys is a very successful coffee-driven business run by a highly dedicated management team. We are delighted to back its external growth strategy by financing this important acquisition. This transaction is consistent with our investment strategy based on lending to high quality European mid-market companies that are looking to grow.”