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London, March 27, 2024–(BUSINESS WIRE)–HIG Whitehorse Europe, a credit affiliate of the global investment firm HIG Capital (“HIG”), is a German-based Connexta GmbH (“Connexta” or “Company”). We support the acquisition by Fremman Capital (“Fremman”), a pan-European middle market investment firm.
HIG WhiteHorse Europe has arranged a financing package of €90 million. This will be used to finance acquisitions and provide additional capital to support our expansion, particularly through our aggressive buy-and-build strategy. HIG WhiteHorse Europe acted as the sole lender of the term debt.
Maximilian Schulenkremer, Managing Director of Fremman Capital, said: “With Connexta, we have found the right company with a strong management team to aggressively pursue strategic integration and build a leading IT services provider of choice for small and medium-sized business customers in Germany and potentially Europe.” “We were impressed with HIG Whitehorse’s ability to act quickly and execute reliably throughout the process. We are grateful to have such a strong financial partner on our side. I am.”
Pascal Mason, Head of HIG WhiteHorse Europe, said: “We are delighted to partner with Freman Capital and contribute to the company’s future success through bespoke and flexible financing solutions. We are impressed by the quality of the company’s management. ” “We look forward to a very fruitful and successful partnership and look forward to supporting the company’s growth plans.”
Sebastian Lorenz, Principal at HIG WhiteHorse Europe, said: “Established as the leading buy-and-build platform in the fragmented German IT services sector, Connexta has consistently demonstrated its ability to consolidate markets and expand its first-class service offering. We are excited to be part of the next chapter of Connexta’s success story.”
About connectors
Connexta is an IT services platform serving small and medium-sized business customers across Germany, with strong expertise in IT infrastructure (“Core IT”), cloud solutions and cybersecurity. The head office is located in Munich, Germany. With his regional network of 12 locations across Germany, Connexta has established a unique go-to-market approach offering end-to-end IT services to small and medium-sized business customers.
About HIG Capital
HIG Capital is one of the world’s leading alternative investment firms with $60 billion in capital under management*. Based in Miami, we also have offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, New York, and San Francisco. With international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogota, Rio de Janeiro, São Paulo and Dubai, HIG provides debt financing to middle market companies with flexible, operationally focused capital. and equity capital. Value-added approach:
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HIG’s equity funds invest in management buyouts, recapitalizations and divestitures of both profitable and underperforming manufacturing and service industries.
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HIG’s debt funds invest in senior, unitranche and junior debt financing for companies of various sizes on both a primary (direct origination) basis and in the secondary market. HIG also manages a publicly traded BDC, WhiteHorse Finance.
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HIG’s real estate funds invest in value-added real estate that can benefit from improved asset management practices.
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HIG Infrastructure focuses on value-add and core-plus investments in the infrastructure sector.
Since its founding in 1993, HIG has invested in and managed more than 400 companies around the world. The company’s current portfolio includes more than 100 of his companies with combined sales of more than $53 billion. For more information, visit HIG’s website at hig.com.
*Based on total capital raised by HIG Capital and its affiliates.
View source version on businesswire.com. https://www.businesswire.com/news/home/20240327858957/en/
contact address
pascal mason
HIG Whitehorse Europe Manager
pmeysson@hig.com
Sebastian Lorenz
major
slorenz@hig.com
HIG Whitehorse Europe
10 Grosvenor Street
Second floor
London W1K 4QB
P +44 (0) 207 318 5700
hig.com
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