PCS3 acts as sole lender in the acquisition of Duomed

9th May 2017

Permira Debt Managers (“PDM”), the debt management and advisory arm of Permira and one of Europe’s leading specialist debt investors, today announces that direct lending fund Permira Credit Solutions III is acting as sole lender in the financing of the acquisition of Duomed, a leading distributor for medical equipment in the Benelux, by G Square Healthcare Private Equity LLP (“G Square”).

The acquisition of Duomed is supported by long-term debt provided and arranged by Permira Credit Solutions III.

Created in 1993 and headquartered in Londerzeel, Belgium, Duomed is the leading sales and marketing partner for mission-critical medical equipment in the Benelux region. With long-term distribution contracts, Duomed offers a comprehensive portfolio over different product groups and suppliers and holds a strong track record for identifying and introducing new innovative products into the surgical market.

David Hirschmann, Partner and Head of Private Credit at Permira Debt Managers commented:
“Duomed is a successful business run by a highly-dedicated management team. We are delighted to back new owners G Square as Permira Credit Solutions III provides long-term financing to Duomed for its next phase of growth. This transaction is consistent with our funds’ investment strategy which focuses on lending to high-quality European mid-market companies that are looking to grow and diversify their capital sources.”

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