19 Apr 2016

PCS2 to act as sole lender to ALcontol Laboratories

PCS2 committed to provide a €55 million senior secured term loan to ALcontrol Laboratories. This was a primary transaction, directly originated by PDM through a long-standing relationship with the company's majority owner GSO.

ALcontrol Laboratories provides testing for environmental, food, water and oil analysis. the company is one of the leading players in the European market, with its Rotterdam laboratory being the largest such facility in Europe. The company has a network of laboratories and service centres in 11 European countries, with the primary laboratory operations in the UK, Netherlands, Sweden & France. The company has a diversified client base of over 10,000 customers, including relationships with leading blue-chip companies. Currently the company has c.1400 employees across Europe, including its skilled technical laboratory staff.