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.
Italian investor has held a final close on the vehicle's hard-cap, having launched in June
New recruit joins the GP eight months after it closed its £142m maiden institutionally backed fund
Deal is the sixth investment by the Antea Participaties VIII fund, which closed on €30m in 2017
Germany-based trade buyer DSpace has acquired autonomous driving software company Understand.AI