GE Capital and Ares provide unitranche for Vitruvian's Callcredit

The refinancing will fund the company's planned acquisitions and growth strategy. Callcredit's existing bank, Lloyds, will continue to provide a revolving credit facility and clearing services.

This was the first transaction from GE Capital's and Ares' joint €1.75bn European unitranche initiative, which was launched early this year. The firms were advised by Squire Sanders, Rothschild and DLA Piper.

Vitruvian acquired Callcredit in December 2009. The business has a turnover of £50m, posting profit growth at a compound annual rate of 37%. It employs around 600 people.

 

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• Topics
• UK / Ireland
• Refinancing
• GE Capital
• Vitruvian Partners
• United Kingdom