RANTUM PRIVATE DEBT FUND III INCREASES SENIOR SECURED LOAN FOR AN INTERNATIONAL LAB SERVICES COMPANY

Rantum Private Debt Fund III has increased its senior secured term loan to an international lab services company. The borrower, with its international set-up, provides specialty laboratory services to large pharmaceutical and food companies. The capital provided by Rantum serves to support a strategic acquisition in South Africa aimed at driving the group’s future growth.

Finn Ziegenbein, Vice President at Rantum Capital, comments: “In addition to the company’s strong historical performance and the management team’s experience with M&A transactions, we were particularly convinced by the additional growth opportunities in a relevant expansion market and the significant cross-selling potential. We are very pleased to support the company on its continued growth path with additional capital.”