Ares Credit Group has provided a £1bn debt package to private-equity-backed telecommunications business Daisy Group in order to support the founder and chairperson's acquisition of a minority stake from an unnamed minority investor.
Bar Soba's management team and staff will stay on with the company following the acquisition
Management team of the Belgian utilities equipment distributor retains a minority stake
Elysian bought Brand Addition from HIG in 2017, acquiring US-based Facilis Group a year later
Existing investors Compound, Firstminute and Fly Ventures all participated in the round