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 II is acting as sole lender to refinance DGF’s existing loans and to finance the add-on acquisition by DGF of Val-de-Seine, which reinforces the group’s presence in the Paris region.
Launched in 1986 as a central purchasing platform, DGF progressively developed its distribution business and is now active throughout the value chain, including product design under its own brand, 3 logistical platforms, and distribution through an international network.
DGF has demonstrated steady growth since inception and initiated an intensive external growth strategy in 2015, with the support of its new shareholders 21 Centrale Partners.
David Hirschmann, Head of Private Credit at Permira Debt Managers commented: “DGF is a successful and expanding player in the food specialist distribution market in France, run by a high quality management team. We are delighted that Permira Credit Solutions II is backing 21 Centrale Partners and providing long-term financing to DGF in order to enable its next development phase”.