Permira Debt Managers has held a first close on €400m for its Permira Credit Solutions II (PCS II) fund.
Exit from Rutland Fund III realises a return of 5.7x on the original cost of the investment
Deal is an exit for minority shareholder Antea, which invested in the company in 2015
Deal is GP's sixth investment from its £100m Impact Fund, which targets profitable businesses making a positive impact
BGF bought a minority stake in the gin and vodka producer in 2017