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.
CIC is also fundraising for CIC Mezzanine & Unitranche 5, which launched in September and held a first closing on €150m
Round is one of the largest venture capital deals in Germany this year
Berthoux and Desmottes join as operating partners, while Philips becomes a strategic partner
Vitrulan has acquired the business for its broader product range and to expand internationally