Permira Debt Managers (“PDM”), one of Europe’s leading specialist debt investors, today announces that funds it advises are acting as senior secured lender in Equistone’s acquisition of Omnicare. The funding continues PDM’s strategy of supporting ambitious, niche market leaders.
Omnicare was founded in 2002 to distribute the products of pharmaceutical companies to a nationwide network of compounding pharmacies that serve oncological patients across Germany. Omnicare is a leading platform for outpatient oncology care in Germany providing a solution that enables outpatients to more quickly access specialist medicine and services close to where they live.
Jens Bauer, Investment Director at PDM, said:
“We are delighted to be working with Equistone on this exciting transaction. Omnicare has carved out a great niche in its sector and operates in a highly attractive market. The company’s financial track record is very strong and it offers a great platform for future growth. We look forward to working with Equistone and the excellent team at Omnicare to support their continued development.”
The PDM funds have now supported over 150 ambitious and fast-growing European companies with over €8bn of capital since PDM’s inception in 2007.