Apax Partners has used a €70 million unitranche facility to back its acquisition of safety specialist company, SK FireSafety Group. The debt package was jointly provided by HIG WhiteHorse, the credit unit of HIG Capital.
HIG declined to comment on any other lenders involved in the facility.
Netherlands-based SK FireSafety Group specialises in fire protection products, the design and installation of fire detection and suppression systems and the maintenance of aviation fire safety equipment. It operates in Belgium, Norway, the United Arab Emirates and United Kingdom.
HIG WhiteHorse provides debt financing ranging from €10 million to €75 million to mid-market companies in Europe and the US including unitranche, senior and subordinated debt.