On December 20, 2017, the Willkie client Permira Credit Solutions III G.P. Limited who is advised by Permira Debt Managers financed the acquisition of Technogroup IT-Service by Vitruvian. 

Founded in 1990, Technogroup offers third party maintenances services for IT systems in data centres, in particular insurance-like technology maintenance services. Technogroup serves over 4,000 customers across the DACH region and has 240 employees.

Vitruvian acquired Technogroup form the company's founding shareholders and German private equity firm CaldecHolding, which exits 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, which is one of Europe's leading specialist debt investors, advising funds and products which have provided over EUR 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, in Frankfurt, London, Luxembourg, Madrid, Milan, Paris, Stockholm, New York, Menlo Park, Hong Kong, Seoul, Shanghai, and Tokyo, with EUR 32 billon committed capital.

The Willkie team included partners Jan Wilms and Dr. Jasmin Dettmar, as well as associate Dr. Laura Pfirrmann.

Frankfurt, 21 December 2017