Permira provides €100m for medical buy-out

The firm has provided debt financing facilitating the acquisition of a Belgian medical equipment provider.

Permira Debt Managers has extended a debt facility to private equity firm G Square Healthcare Private Equity, according to a company announcement. The facility is being used to assist the acquisition of Belgian medical equipment provider Duomed.

According to market sources, the facility provided by Permira is worth more than €100 million. This includes an acquisition facility representing undrawn debt at present. A spokesman for Permira declined to comment on the facility beyond the announcement.

The financing is being provided by the Permira Credit Solutions III fund. The offering has raised €900 million since its inception in 2016, according to PDI data.

The firm also recently participated in another large debt deal, providing up to £375 million (€440 million) in a facility extended to UK-based members club group Soho House in April. The deal represents Permira’s largest-ever private debt deal.

Permira Debt Managers is the debt-focused arm of asset manager Permira. G Square Healthcare Private Equity is a healthcare-focused private equity fund focusing on pan-European businesses.