The firm, which made its first investment in Alliance Industrie in 2006, said that following the deal the business will be the market leader in the trading and distribution of automotive spare parts in France and the UK.
Managing director of European Capital Financial Services Tristan Parisot said, “We are very pleased to invest once again in mezzanine bonds to support Weinberg Capital Partners and management in its acquisition of Precisium Group.
“This investment demonstrates European Capital’s ability to provide flexible financing solutions, including follow-up commitments to growing portfolio companies.”
European Capital has invested €3.4bn in more than 100 European companies.
The firm has recently made a return of 1.8 times by selling its stake in Equistone-backed scaffolding rental and sales company Scaff’holding for €7.2m.
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