Partners Group has acted as a debt arranger on a €1.5bn deal in the German retail market, at a time when large private equity firms – including the likes of Blackstone Group and KKR – are diversifying the services they offer beyond traditional buyouts.

The European alternative asset manager helped to arrange a mezzanine debt package that is part of Advent International's €1.5bn acquisition of Douglas Holding, one of Germany's biggest retailers.