Segulah III LP has completed a re-capitalisation of Dacke PMC, a provider of hydraulic equipment and engineering solution. Dacke has been able to repay a subordinated loan provided by Segulah III L.P at the time of acquisition in July 2005. The recapitalisation consists of an additional trance of senior debt and excess cash. The total amount that is repaid, including interest accrued and loan principal, corresponds to an amount slightly in excess of the total amount invested by Segulah III LP at the time of acquisition.
Nutrisens management team, led by CEO Georges Devesa, retains a significant stake in the company
Intention to list comes four years after the GP acquired the company via its fourth fund
Online optician has previously received VC funding from investors including Grazia Equity and Goldman Sachs
Platform will enable smaller investors to put their secondaries stakes up for sale