Barings served as lead arranger of a senior secured credit facility to support Hg in its acquisition of F24. Financial terms of the deal were not disclosed.
Headquartered in Germany, F24 is a provider of emergency notification, crisis and incident management, and critical communications solutions.
“F24 provides software that is essential to business continuity teams in being prepared and acting promptly in response to critical incidents,” Sebastian Lorenz, director in Barings’ European private finance group, said. “A company’s ability to effectively respond to crises is more important today than ever, and F24’s best-in-class solutions and reputation as Europe’s leading provider gives its clients the peace of mind to do so.”
“We are delighted to support Hg’s investment in F24, further strengthening our two firms’ long-term relationship. This marks our second transaction together this year, following Barings’ support of Hg’s acquisition of smartTrade Technologies in March,” Mark Wilton, managing director of Barings’ European private finance group, said. “In the current market environment, we remain focused on opportunities to invest in high quality companies backed by top tier sponsors, which F24 certainly represents.”
