PAI Partners has completed the acquisition of Dutch lingerie retailer, Hunkemoller, Private Equity Wire reports. The French private equity firm bought the Hunkemoller stake from Dutch retail group, Maxeda. As a part of the agreement, the buyer has also secured a total of €177.7 million of senior and mezzanine debt. The majority of the €35 million mezzanine loan was provided by funds, advised by Sankaty Advisors, while the senior facility was provided by coordinators and BMLA’s ABN Amro Bank, ING Bank and Rabobank International, with NIBC Bank as MLA and Friesland Bank.
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