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January 3, 2018

The financing was extended by funds advised by Permira Debt Managers, one of Europe's leading specialist debt investors.

Willkie client Permira Credit Solutions III G.P. Limited, advised by Permira Debt Managers, financed the acquisition of Technogroup IT-Service by Vitruvian Partners.

Founded in 1990, Technogroup offers third party maintenances services for IT systems in data centers, in particular insurance-like technology maintenance services. Technogroup serves over 4,000 customers across Germany, Austria and Switzerland.

Vitruvian acquired Technogroup from the company’s founding shareholders and German private equity firm CaldecHolding, which is exiting the business after four years. The company’s founder, Claus Fischer, will retain a stake in the business.

The financing was extended by funds advised by Permira Debt Managers, one of Europe's leading specialist debt investors, advising funds and products which have provided over €4.0 billion of capital to over 100 European businesses.

Permira Debt Managers, headed by CEO James Greenwood, was established in 2007 and is owned jointly by its partners and by Permira.

Permira, founded in 1985, is an international investment firm with more than 200 employees, working in fourteen offices around the world, with €32 billion committed capital.

The Willkie team included partner Jan Wilms, national partner Dr. Jasmin Dettmar, and associate Dr. Laura Pfirrmann.