CVC Credit has provided senior debt financing to support Waterland Private Equity’s acquisition of Palletways, reinforcing its activity in European direct lending.

The financing was delivered through CVC Credit’s European Direct Lending strategy, which focuses on providing senior secured capital to established companies.

Palletways is a leading pan-European pallet distribution network, operating across 25 countries and moving around 9.5m pallets annually through a digitally coordinated hub-and-spoke logistics model.

“Palletways has established a leading position in what is a structurally growing market in Europe,” said Tom Hayhurst, Managing Director in CVC’s Private Credit team. “We are also proud to partner once again with Waterland, a high-quality European sponsor with deep logistics expertise to drive continued growth at Palletways.”

The transaction highlights continued collaboration between private credit providers and private equity sponsors in financing European buyouts, particularly in sectors with resilient demand such as logistics.

The investment also reflects sustained interest in logistics infrastructure, where stable cash flows and structural growth trends continue to attract private capital.

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