Permira Debt Managers acts as sole senior secured lender to support Vitruvian Partners’ new partnership with doctari

17 July 2018

Permira Debt Managers (“PDM”), one of Europe’s leading specialist debt investors, today announces that Permira Credit Solutions II (“PCS2”) & Permira Credit Solutions III (“PCS3”) acted as sole senior secured lenders to support Vitruvian Partners’ (“Vitruvian”) new partnership with doctari, the leading specialist healthcare staffing platform in the DACH region. This continues PDM’s strategy of supporting ambitious, high-growth niche market leaders.

The new ownership structure and Vitruvian’s expertise with high-growth, technology-enabled companies will enable doctari to further capitalise on the great market opportunity and expand its service offering going forward. Founders Christoph Siegmann, Stefan Scherf and Frits Häcker continue to hold a relevant stake in the company after the transaction.

With more than 100 employees, doctari is at the heart of the healthcare eco-system and connects a network of >15,000 medical staff and >5,000 medical institutions every day to match supply and demand for short-term locum tenens and travel nursing assignments and permanent positions of highly qualified medical staff.

Jens Bauer, Investment Director at PDM, commented: “We are delighted to be backing Vitruvian and management by providing long-term financing to doctari as it grows its business. doctari provides a crucial service to hospitals, as they meet the DACH regions growing demand for healthcare.”

David Hirschmann, Partner and Head of Private Credit at PDM added: “doctari is a very successful business run by a highly talented management team. We are also delighted to once again back Vitruvian, who have an outstanding track record of investing in businesses undergoing rapid growth. This transaction is consistent with our Funds’ investment strategy, which focuses on lending to high-quality European mid-market companies.”

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Woolf Thomson-Jones (Montfort Communications) +44 203 770 7916