Our portfolio
We are extremely proud to partner with some of Europe’s most exciting growth companies in software and services.
Capital
Requirement
- Acquisition Finance
- Expansion / Growth Investment
- ARR Leverage
- Refinancing + growth investment
- Dividend Recapitalisation
- “War-chest” Facilities
- Minority Leverage
Focus Sectors
- Software
- Services
AshGrove Solution
Senior / Unitranche: Bespoke unitranche facilities with embedded first lien and junior secured risk in one tranche
Senior Growth Capital: Growth debt as accretive alternative to growth equity
Senior Asset-Backed: Ability to lend against “hard assets” such as receivables in specialty finance companies or esoteric hard assets
Channel Management Software
Type of Deal
USD16.5m refinancing + growth debt
Investment Date
2022
Sector
Software
Headquarters
- Market leading provider of channel management software improving sales efficiency for the Company’s customers
- A first lien facility to refinance existing debt and fund additional growth investment
HCM Software
Type of Deal
EUR32m growth debt + equity
Investment Date
2022
Sector
Software
Headquarters
- Specialist provider of employee listening software for use across the whole employee lifecycle
- A first lien facility and equity co-invest to support the sponsor’s acquisition and fund growth investment
Fintech
Type of Deal
GBP35M acquisition debt + equity
Investment Date
2021
Sector
Services
Headquarters
- Fintech providing pensions and savings solutions to both employers and employees
- A first lien facility to fund an acquisition and organic growth investment
- Follow on investment completed to support ongoing M&A strategy
MarTech Software
Type of Deal
EUR10m growth debt
Investment Date
2021
Sector
Software
Headquarters
- Specialist provider of multi-channel customer engagement software solutions
- A first lien facility alongside a minority equity transaction with a sector specialist to fund accelerated growth investment
Workflow Automation Software
Type of Deal
EUR30m growth debt
Investment Date
2019
Sector
Software
Headquarters
- Cloud-based asset and contract management software solutions provider to SMEs
- A first lien facility to fund accelerated growth investment
- Follow on investment completed to support ongoing M&A strategy
E-Commerce Software
Type of Deal
EUR34.5m growth debt + equity
Investment Date
2021
Sector
Software
Headquarters
- Specialist provider of marketing automation and customer data platform solutions for the e-commerce sector
- A first lien facility and equity co-invest to fund growth investment and support the sponsors’ acquisition
Vertical Software
Type of Deal
GBP27.5m refinancing
Investment Date
2020
Sector
Software
Headquarters
- Specialist provider of data and software solutions to the automotive industry
- A first lien facility to refinance shareholder notes and fund deferred consideration
- Follow on investments completed to support strategic M&A activity
E-Commerce Software
Type of Deal
EUR43m growth debt
Investment Date
2021
Sector
Software
Headquarters
- European focussed provider of e-commerce analytics and optimisation software
- A first lien facility to refinance shareholder notes and fund additional growth investment shortly post acquisition
- Follow on investment completed to support ongoing M&A strategy
Infrastructure Services
Type of Deal
EUR28m growth debt
Investment Date
2019 (exited 2021)
Sector
Services
Headquarters
- Specialist operator of mission-critical infrastructure sites, backed by long-term contracts and ownership of strategic infrastructure
- A secured facility alongside existing lenders to refinance existing debt following a period of business growth
Radiology Services
Type of Deal
EUR11m growth debt
Investment Date
2018
Sector
Healthcare Services
Headquarters
- European radiology services and solutions provider to hospitals and medical professionals
- A tailored debt solution alongside existing debt to support the business’ geographic expansion