Direct lending firm Permira Debt Managers is financing the buyout of German healthcare staffing company Doctari by private equity firm Vitruvian Partners.
Permira Debt Managers (2018)
Permira is the sole senior secured lender on the deal, which backs Vitruvian Partners’ partnership with Berlin-based Doctari, which specialises in matching medically trained staff across Germany, Austria and Switzerland to an employer.
Founders Christoph Siegmann, Stefan Scherf and Frits Haecker will continue to be shareholders following the acquisition.
“Doctari is a very successful business run by a highly talented management team. We are also delighted to once again back Vitruvian, who have an outstanding track record of investing in businesses undergoing rapid growth,” said David Hirschmann, head of private credit at PDM.
The deal is PDM’s second debt financing for an acquisition by Vitruvian in Germany this year. In January, the firms partnered up on the buyout of Technogroup, an IT maintenance service company.
PDM has provided more than €5bn of debt capital to more than 100 European businesses as it focuses on niche market leaders. Independent private equity firm Vitruvian Partners specialises in investments in companies that are undergoing rapid growth and change, and has €5bn of assets under management.
German healthcare company Doctari has more than 100 employees who can connect to over 15,000 medical staff and 5,000 medical institutions.