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, completed a primary club deal with CVC Credit Partners acting as majority lender in providing financing to Palamon Capital Partners, the pan-European growth investor, to support its acquisition of a majority stake in Thomas International.

Founded in 1981 by the Reed family, Thomas International is an established provider of online personality, psychometric and aptitude testing for business clients. Assessments range from behavioural preferences to emotional intelligence and leadership potential and are designed to help.

Neale Broadhead, Managing Director & Portfolio Manager in CVC Credit Partners' direct lending business, said: "We are very pleased to announce our support for Palamon's acquisition of Thomas Group. Thomas Group has a solid product base which is well recognised within the psychometric assessment market. We believe this is an area that will continue to grow, given ongoing retention and engagement challenges, increasing hiring costs and a move to de-bias decision making and reduce recruitment costs. We are excited to partner with Palamon again and are confident that their experience and expertise will help transform the business."