Baar-Zug, 16 September 2011
Partners Group, the global private markets investment manager, acted as a joint arranger of the mezzanine debt financing for Photonis, a leading player in optronic components, on behalf of its clients. The arranging of the mezzanine debt was completed in connection with the acquisition of the company.
Photonis is a European manufacturer and seller of electro-optic components for the detection and intensification of very faint light, providing night vision solutions as well as image intensification components for science, industry and defence. Its strong market position in a niche with high technological barriers, as well as the stable demand for its products make Photonis a compelling mezzanine investment opportunity.
Rene Biner, Partner and Head Private Finance, comments, "Photonis is at the forefront of innovation in the optronic market and serves a large installed base with regular maintenance services and replacement products, supporting predictable and recurring cash flows. With long established customer relationships as well as a reputation for delivering high quality products, the company is ideally positioned to further expand its global footprint in this growing market."