Praesidian Capital Europe Invests First Lien Debt to Support the Buyout of Pyser-SGI Group Limited
London – September 9, 2015 – Praesidian Capital Europe, a leading provider of senior and subordinated debt along with growth capital announced today its first lien debt investment in Pyser-SGI Group Limited (“Pyser”), a leading optical equipment specialist based in the UK.
Praesidian Capital Europe provided its funding in support of the buyout of Pyser by Privet Capital LLP, a London based private equity firm. Pyser was acquired from its existing management team which has owned the business since 1994.
Founded in 1848 and headquartered in Edenbridge, Kent, England, Pyser is a specialist manufacturer and supplier of precision optical, electro-optical and infrared night vision equipment and associated components. The company supplies many sectors including security, defense, education, research, medicine and television broadcasting. Psyer sells into North America, Europe, Asia and the Middle East.
According to Jason Drattell, Founder of Praesidian Capital, “Pyser is another British-based company that fits our investment strategy very well. As the sole manufacturer of certain highly desirable products, this is a company at its tipping point in terms of global growth. We are especially pleased to partner with Privet Capital in this venture.”
Anthony Brennan, Partner, Praesidian Capital Europe, commented “As we continue to build out our portfolio, as our sixth investment, Pyser fits our criteria as a growing UK company with an established market position, strong margins and cash generation.”
“We welcome Pyser to our organization and anticipate great things in the years to come,” stated Stephen Keating, Privet Capital Managing Partner. “We believe our team’s expertise in helping companies achieve operational excellence will be of value to Pyser as it continues to build closer relationships with its existing customers and moves into new international markets.”
About Praesidian Capital Europe
Praesidian Capital Europe is an innovative private investment firm focused on providing senior and subordinated debt along with growth capital to established lower middle market businesses in the United Kingdom, Germany, and selectively in Northern Europe. Established in 2013 and based in London, Praesidian invests in private small and mid-sized companies, often in connection with management buyouts, recapitalizations or refinancings. Praesidian Capital manages nearly $1 billion in committed capital. For more information, visit www.praesidian.com.
About Privet Capital LLP
Based in London, Privet Capital provides private equity capital investment for lower middle market growth businesses. The firm has a dedicated team of operational specialists who partner with management teams to bring about operational efficiencies and maximise growth potential. For more information, visit www.privetcapital.co.uk.
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