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.
Investindustrial sells its remaining stake of 4.12% in the company, fully exiting the investment
Following the deal, CCV Schweiz will be integrated with Concardis Schweiz, which is part of Nets Group
Minority shareholder IMS Capital has also filed for insolvency; Getnow is now seeking new investors
Exit from Rutland Fund III realises a return of 5.7x on the original cost of the investment