Permira Credit is in advanced negotiations to acquire German tour operator Berge & Meer, aiming to strengthen its portfolio amid the recovering travel industry.

Target Information

Permira Credit is currently in advanced negotiations to acquire Berge & Meer, a prominent German tour operator. This acquisition reflects a broader trend among private credit lenders to transition from traditional debt positions to equity stakes in their portfolio companies. The CEO, Marcel Mayer, indicated that this transaction is aimed at providing additional growth capital for the company.

Berge & Meer was previously acquired from TUI in 2019 by the private equity firm Genui, with financial backing from Permira Credit. The initial takeover was supported by a €52 million loan from Permira Credit, establishing it as the sole senior secured lender.

Industry Overview in Germany

The German travel industry has witnessed significant fluctuations, particularly due to the pandemic, which severely impacted travel operations. As restrictions eased, there has been a resurgence in travel

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Permira Credit

invested in

Berge & Meer Touristik GmbH

in 2024

in a Buyout deal

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