Astera Legal advised the Senior Lenders (including funds advised by Permira Credit Ltd) on an expansion of the financing structure of the valantic Group
The existing financing, on which our team has advised funds, advised by Permira Credit Ltd, as the Senior Lender, was increased by adding an additional facility provided by another Senior Lender. The parties have agreed not to disclose the financial details of the transaction. The additional acquisition facility is designed to ensure valantic's continued successful growth and enables the targeted expansion of digital solutions, consulting and software services through further mergers in DACH, Benelux and the Nordics. The transaction was completed at the beginning of August 2023.
Founded in 2012, valantic, a DPE portfolio company, is an internationally successful technology and consulting company that has been able to build an impressive brand through its dynamic growth and is considered one of the leading digital consulting and software solutions companies in Europe. A key success factor of the growth strategy is the combination of organic growth and targeted, strategic mergers. Since 2019, more than 20 mergers have been completed in an organised manner and seamlessly integrated into the existing organisation by the M&A and PMI teams. This integrative approach not only allows valantic to leverage targeted synergies, but also positions the company as a preferred option in Europe for entrepreneurs who want to be part of a larger organisation in the future.
The financing needs of the growth trajectory to date have been met through the continued expansion of commitments from existing financing partners. In view of the management team's further short to medium-term growth ambitions, additional financing capacity is now to be created. The new financing package ensures the financing capability of further successful mergers of valantic for the coming years.
Further legal advisor to Senior Lenders (including funds advised by Permira Credit Ltd):
- Bonn & Schmitt (Luxembourg): Françoise Pfeiffer (Partner)
- DORDA (Austria): Tibor Varga (Partner)