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17 Sep 2025

 

Direct Lending supports Ardian with the refinancing of Saal Digital

Ardian and Saal Digital logos

Our role

Our UK and European Direct Lending team is pleased to have partnered with long-standing client, Ardian, in providing senior debt facilities for the refinancing of Saal Digital, a leading European platform for premium photo products.

This transaction showcases our support of Ardian and its portfolio companies, having previously supported the sponsor on their majority stake acquisition of Saal Digital in 2019 and LIFTKET in 2023.

 

About Ardian

Ardian is a world leading private investment house with assets of US$192billion managed or advised in Europe, the America’s and Asia. The Company is majority owned by its employees.  It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

 

About Saal Digital

Saal Digital, which is based in Germany and founded in 1986 by Reinhard Saal, is a leading online platform for high-end photo products. Customers are professional photographers and photo enthusiasts who are looking for the leading standards in photography. Saal offers a comprehensive portfolio of highly customisable products, including photo books, photo prints, posters, calendars, greeting cards and wall decor.

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