HIG WhiteHorse, a credit affiliate of global investment firm HIG Capital (HIG), has arranged a financing package for Groupe Astek (Astek), which includes a significant growth capital component.
Astek is the last independent and fully private global French engineering & IT consulting specialist. It is headquartered in Boulogne-Billancourt, France with over 500 employees operating in 17 countries.
HIG WhiteHorse has arranged a €170 million financing package, which will be used to refinance the Group’s existing indebtedness, finance the buy-out of several minority shareholders, and provide additional capital to finance growth, supporting the Group’s expansion, especially through its active buy-and-build strategy. HIG WhiteHorse, through some of its affiliates, acted as the sole arranger.
Julien Gavaldon, Chief Executive Officer of Astek, says: “I would like to thank HIG for their confidence in helping us reach this new milestone in the development of Astek. Based on the skills and commitment of our teams, we plan to keep up the momentum, driven by our ability to innovate and support our customers in their digitalisation efforts.”
Read more/Source: Private Equity Wire
