CVC Credit Partners, a leading global alternative investment manager focused on sub-investment grade debt markets in the US and Europe, announced today that its European Private Debt business has provided financing to Bencis Capital Partners to support its portfolio company, Prinsen, in its acquisition of Berning, in conjunction with Permira Debt Managers.

Berning is a leading protein-enriched food supplements manufacturer based in Germany. Once combined, the Prinsen-Berning group will create one of the largest food supplements producers in Europe with superior manufacturing & product development capabilities and scale. Bencis Capital Partners is a leading mid-market private equity fund, with an 18 year history of investing in businesses headquartered in Benelux and Germany.

Neale Broadhead, Managing Director and Portfolio Manager in CVC Credit Partners' direct lending business, said: "We are very excited to announce our latest investment in the Netherlands. In supporting Bencis Capital Partners' acquisition of Berning, we are helping to transform Prinsen-Berning into one of the largest food supplement suppliers in Europe. The global health and fitness market is rapidly growing, presenting opportunities for top quality players such as Prinsen-Berning to expand their portfolio and customer reach. We look forward to working with Bencis Capital Partners as they create the undisputed market leader."