PCS2 acts as sole lender to Kinaxia Logistics to support acquisition strategy19 May 2015
Permira Debt Managers (“PDM”), the debt management and advisory arm of Permira and one of Europe’s leading specialist debt investors, today announces that direct lending fund Permira Credit Solutions II will act as sole lender to Kinaxia Logistics to support the acquisition of Foulger Transport Limited and Lambert Brothers Haulage Ltd.
A £25m long-term investment loan provided and arranged by Permira Credit Solutions II will be used to support the acquisition of Foulger and Lambert Brothers adding to the previously completed acquisitions of Bay Freight Limited, William Kirk Limited and NC Cammack & Son Limited.
Kinaxia Logistics operates in the UK warehouse, haulage and logistics sector, with a strategy to create a new leading scale player in a highly fragmented industry. Kinaxia provides warehousing and logistics solutions to businesses across the UK, specialising in palletised road haulage.