Lender Permira Credit Eyes Takeover of German Tour Operator

Private credit lender Permira Credit is in advanced talks to take over German tour operator Berge & Meer, according to the company, another sign of the growing trend of direct lenders moving to take equity positions to support their debtors.

The main objective of the transaction is to “provide additional growth capital” to the company, chief executive officer Marcel Mayer wrote in emailed comments. Permira Credit is already participating in the equity of the company, Mayer said, alongside principal shareholder Hamburg-based private equity firm Genui GmbH.