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Ares leads €1.4bn private credit financing for EG

privateequitywire

4 months ago

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Ares Management is leading a private credit financing of around €1.4bn for Scandinavian software provider EG, according to a report by Bloomberg citing people familiar with the matter.
The debt package is being provided alongside other lenders, including Park Square Capital and Sumitomo Mitsui Banking Corporation, and includes a revolving credit facility to support future acquisitions.
EG was founded in 1977 and delivers SaaS products to public and private sector clients. Since being acquired by...

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