Private equity firm Permira is merging German debt collector Garfunkelux, which it acquired in July, with Lowell Group — a deal that could play the ‘market opener’ role bankers and investors have awaited since September. Garfunkelux Holdco 3 will be issuing £555m of seven year senior secured notes, while Garfunkelux Holdco 2 is the financial vehicle for its £240m eight year senior unsecured bond. The merger would create one of Europe’s largest private equity firms, according to people familiar with the matter.
Private equity firm Permira is merging German debt collector Garfunkelux, which it acquired in July, with Lowell Group — a deal that could play the ‘market opener’ role bankers and investors have awaited since September. The merger would create one of Europe’s largest private equity firms, according to people familiar with the matter.