H.I.G. Capital News
25 St. George Street
London W1S 1FS
P. +44 (0) 20 7318 5700
F. +44 (0) 20 7318 5749
H.I.G. WhiteHorse Supports Bottega in its Acquisition of Getronics
LONDON – July 18, 2017 – H.I.G. WhiteHorse (“H.I.G.”) provided an anchor commitment for a €164 million Senior Financing to support the acquisition of Getronics by strategic investor Bottega InvestCo S.à.r.l. (hereafter “Bottega”). 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.
Nana Baffour, Founder and CEO of Bottega, said: "I am pleased and very grateful for the support of H.I.G. in this very transformative transaction for Bottega. I am looking forward to strengthening my partnership with H.I.G. as we build Getronics into an innovative leading transformation change-agent in the ICT space”.
Kenneth Borton, Managing Director at H.I.G. WhiteHorse, said: “We are delighted to be able to assist Bottega by providing 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”.
Getronics is an ICT Services group consisting of the Getronics and Connectis brands. With an extensive history that extends over 125 years; Getronics has nearly 4,500 employees in 22 countries across Europe, Asia Pacific & Latin America, and has a complete portfolio of integrated ICT services for the large enterprise and public sector markets. This includes Workspace, Applications, Unified Communications, Data Centre, Cloud, Consulting, Partner Technology, Managed Services and Security.
Getronics is a leading member in the Global Workspace Alliance, a unique model that provides customers with a consistent IT service throughout the world, with one single point of contact and billing entity, delivering services to over 100 countries. The GWA manages 9 million workspace assets globally, and was ranked number 3 by OVUM among leading global vendors for workplace management.
Bottega is a strategic investor whose majority shareholder is the US/Brazilian entrepreneur Nana Baffour, who operates in the IT services market through Grupo Cimcorp in Brazil.
About H.I.G. WhiteHorse
H.I.G. WhiteHorse is the credit affiliate of H.I.G. Capital focused on providing flexible debt financing solutions to middle market companies in Europe and the United States. Operating a broad investment mandate, H.I.G. WhiteHorse provides unitranche, senior and subordinated debt capital for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. Credit facilities typically range from €10 million to €75 million for companies with revenues of €40 million or more. For more information, please refer to the WhiteHorse website at: www.higeurope.com/whitehorse.