Delsey, a French travel luggage business owned by European GP Argan Capital since 2007, has refinanced its existing debt facilities with a €100m unitranche package provided by three lenders.
Earlybird, Hummingbird and Endeavour Catalyst have exited to US-based mobile game designer Zynga
GP invests via its renewable-energy-dedicated fund Green Arrow Energy Fund
Ingo Stoff will be part of the Munich-based team and joins from the PE division of a family office
Transaction is made via a club deal which saw participation of several private investors alongside Cherry Bay