Tentamus inks refi with Alcentra

The life sciences group replaced its German bank lender with a unitranche facility provided by London-based debt fund manager Alcentra.

Alcentra provided a €75 million unitranche loan to refinance Auctus Capital Partners’ portfolio company Tentamus in December, PDI understands.

The deal saw German lender NordLB replaced as debt provider for the German food laboratory group.

Watson Farley & Williams represented the borrower, while Clifford Chance represented Alcentra. 

A spokeswoman for Auctus was unavailable for comment ahead of publication. 

A spokesman for Alcentra declined to commment.

Auctus invested in Tentamus through a management buyout. The buy-and-build strategy has seen Tentamus acquire a string of other labs across Europe. Group revenues stand at around €10 million, according to Auctus’s website.

The company was founded in 2011, according to its website, and has labs in Germany, Spain, Italy, the UK, the US and Israel. Each of the life sciences laboratories operates under its own brand within the group and specialise in food and feed analytics, pharmaceuticals and cosmetics.