White Oak Global Advisors and its subsidiaries provided a cornerstone commitment, alongside early commitments from funds advised by Permira Debt Managers and H.I.G. WhiteHorse, for a €164 million ($189 million) senior financing to support the acquisition of Getronics by strategic investor Bottega InvestCo.
Getronics is a player in the ICT services sector in Europe, with 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.
Nana Baffour, founder and CEO of Bottega, said, “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. 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.”