Permira Debt Managers (“PDM”), one of Europe’s leading specialist debt investors, today announces that direct lending fund Permira Credit Solutions II (“PCS2”) has committed to provide junior financing to Quant, a global leader in outsourced maintenance management of industrial plants. This was a primary transaction, originated directly with the sponsor, Nordic Capital. PCS2 acted as sole junior lender. The transaction continues PCS2’s strategy of investing in niche market leaders with strong growth ambitions.
Quant, headquartered in Stockholm, Sweden, was established as an independent company in 2015 following a carve-out from Swedish-Swiss multinational ABB Group. The business has over 25 years of experience performing fully outsourced industrial maintenance management. Quant specialises in value-added maintenance services offering improved safety, lower maintenance costs and increased site efficiency for its customers. Operations are geographically diversified with 2,400 employees working across five continents and 76 operational sites.
Thomas Kyriakoudis, Partner and Chief Investment Officer at Permira Debt Managers added: “We are delighted to support Quant and continue our strong relationship with Nordic Capital.
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