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 refinance Daltys’ existing debt and provide an acquisition facility to support the company’s external growth strategy.
Founded by Christophe Brancato, the current CEO, Daltys has grown both organically and through acquisitions to establish a leading position across all distribution channels: Vending Machines, Coffee Solutions, Coffee Shops and Retail. The Group has a wide national network of 85 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 clear leader in its market with a resilient core business and a proven growth track record. We believe the company has great growth potential and we are pleased to have the opportunity to partner with and support the management team in its future growth ambitions”.