European Capital has refinanced portfolio company Hillarys for 113.5 million pounds. Also, the company has used the proceeds in addition to a 5.5 million equity investment to buy out Permira Debt Managers‘ minority stake in Hillarys. GE Capital International, Ares Management and Permira Debt Managers provided the credit facilities for the refinancing. Based in the U.K., Hillarys is a provider of domestic window coverings.

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