Funds advised by Permira Credit, a European alternative credit provider, are acting as sole senior secured lender to Five Arrows Growth Capital’s acquisition of KidsKonnect.
The support highlights Permira Credit’s focus on high-quality, growing tech-enabled businesses.
KidsKonnect is a childcare software provider offering fully integrated software solutions for daycare centres, out-of-school care, childminder organisations and primary education centres.
Collectively, the Permira Credit funds have invested approximately EUR13 billion since inception in a range of European debt products, including over EUR9 billion in European direct lending. Permira Credit has supported more than 300 companies across its strategies since its establishment in 2007.