Permira Credit, one of Europe’s leading alternative credit providers, today announces that funds it advises are acting as sole senior secured lender to Macquarie Capital Principal Finance, Pollen Street Capital and senior management in their acquisition of Aryza. The transaction highlights Permira Credit’s focus on high quality, growing tech-enabled businesses and builds on Permira Credit’s refinancing of the company earlier in August of this year.
Founded in 2002, Aryza is a global provider of case management and process automation software for regulated industries, primarily serving insolvency practitioners, legal advisors and lenders. Aryza’s solutions automate a wide range of back and middle office activities, including customer data collection, administration and payment processing. Its scalable technology platform is capable of meeting high volume, high complexity needs and helps customers significantly increase efficiency while ensuring compliance with local legislation.
The business has experienced rapid growth, both organically and through M&A, and today is the market leader in the UK, Ireland and Canada with a growing international presence.
Collectively, the Permira Credit funds have invested approximately €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.