Glitnir has joined CIT Leveraged Finance as mandated lead arranger in the £75m debt package to fund the £110m secondary buyout of toothpaste tube manufacturer Betts Global Ltd by Gresham Private Equity. Syndication is expected to launch this week.
Danish VC Heartcore Capital, UVC Partners and existing investor Picus Capital also take part
Deal is an extension of the $4.1m series-A funding round led by Blossom Capital in October 2019
Fresh capital will help the provider of cloud access services expand in western Europe
DBay has also negotiated a new revolving credit facility for the transport and logistics company