10th March 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 PDM funds are acting as sole unitranche lender in the refinancing of Autovista existing debt.
The refinancing of the existing indebtedness is supported by long-term debt provided and arranged by Permira Credit Solutions III.
Autovista is a leading European business information provider, focused primarily on delivering pricing insights to the automotive sector. It serves key customer segments across the automotive value chain including OEMs & importers, dealers & workshops, body shops & insurers and fleet operators & motor finance providers.
David Hirschmann, Head of Private Credit at Permira Debt Managers commented: "We are very pleased to back Autovista with a long term financing solution. Our funds’ financing solution will provide flexibility and support for the company to execute its business strategy in the coming years".
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