White Oak Global Advisors and its affiliates sourced, arranged and provided a cornerstone commitment, alongside early commitments from funds advised by Permira Debt Managers, and H.I.G. WhiteHorse completing the club, for a €164 million Senior Financing to support the acquisition of Getronics by strategic investor Bottega InvestCo S.à.r.l.
Getronics is a leading player in the ICT services sector in Europe, with strong positioning within medium to large-sized enterprises and with public institutions. The Lenders were involved at an early stage of the process, coordinating their diligence with Bottega and management, and structuring a bespoke solution for the new owner/operator, while focusing global resources and expertise in the ICT services sector.
“I am pleased and very grateful for the support of White Oak, Permira Debt Managers and H.I.G. WhiteHorse in this very transformative transaction for Bottega," said Nana Baffour, Founder and CEO of Bottega. "The support and understanding of our unique value proposition in the very beginning by White Oak was very instrumental in our ability to execute on this complex transaction and I am looking forward to strengthening my partnership with the Lenders as we build Getronics into an innovative leading transformation change-agent in the ICT space”.
Darius Mozaffarian, Co-President and Partner at White Oak said: “We are proud to support Nana Baffour and Bottega’s acquisition of Getronics with an anchor investment and by arranging the remainder of the €164 million credit facility. This transaction is a perfect example of our ability to partner with leading management teams at a global level. We value the industry and operational expertise that Nana and his team bring to Getronics and look forward to continuing our support for Getronics as it continues to expand its international presence”.
Thomas Kyriakoudis, Chief Investment Officer at Permira Debt Managers, said: “Getronics is an excellent company with a longstanding history of providing highly valuable ICT services to blue-chip customers worldwide. We are very pleased to back Nana Baffour and Bottega with a long-term, flexible financing solution for Getronics as an anchor investor”.
Kenneth Borton, Managing Director at H.I.G. WhiteHorse, said: “We are delighted to be able to assist Bottega by joining the Lenders to provide a tailor-made financing solution for the acquisition of Getronics. This transaction demonstrates our ability to support entrepreneurial investors with bespoke, flexible and committed financing solutions in a timely manner”.