HomeDeal TypeDebtFrance: Five Arrows provides unitranche facility to support Vivo’s investment in Dutscher

France: Five Arrows provides unitranche facility to support Vivo’s investment in Dutscher

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Five Arrows, the alternative assets arm of Rothschild & Co, has arranged and provided a unitranche facility to support Vivo Capital’s investment in Dutscher Group.

In February, LBO France agreed the sale of Dutscher to the US healthcare and life sciences investment firm. It was Vivo’s first buyout investment in Europe.

Founded in 1982, Dutscher is the European leader in the distribution of consumables and equipment to R&D laboratories, with a catalogue of more than one million products, a client base of over 25,000 customers and employing over 1,100 people. Dutscher generated revenues exceeding €400m in 2025.

Nick Herbert
Nick Herbert
Nick Herbert has over 30 years’ experience in the financial markets, as both a practitioner and journalist. He started work as an investment banker in London, before joining International Financing Review (IFR) to report on debt capital markets and derivatives. He moved to Singapore in 2000 to manage IFR’s financial markets editorial team throughout Asia, before returning to London in 2009 to take up the position of Publisher for Reuters Capital Markets Publications. For the last five years he has been covering global capital markets, ESG finance and healthcare markets on a freelance basis.
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