News

PCS3 acts as sole lender to support the acquisition of Capital Economics by Phoenix Equity Partners

26th March 2018

Permira Debt Managers (“PDM”) announces that direct lending fund Permira Credit Solutions III (“PCS3”) acted as sole lenders to support the acquisition of Capital Economics, a global provider of economic research and consultancy services. This was a primary transaction with the funds acting as sole lender. The deal was originated through a strong relationship with the sponsor, Phoenix Equity Partners.

Headquartered in the UK, Capital Economics is a leading global provider of economic research and consultancy services. The company has an established global presence with 60 economists operating out of five offices in London, New York, Toronto, Sydney and Singapore. Capital Economics serves a multinational blue-chip client base across financial services, corporates, governments and central banks. The company operates a subscription-based model, which provides good revenue visibility. Around 5000 publications are released per year through the company’s online portal. These provide economic research across a wide range of geographies and sectors, as well as research on commodities, property and consumer markets. The company also makes its economists available on a consultancy basis for bespoke projects.