Pemberton, a European private debt manager transforming traditional credit markets, backed by one of Europe’s largest insurers, Legal & General Group PLC, has provided facilities to support the full refinancing of Elatec, a technology company providing global RFID technology solutions, backed by private equity firm Summit Partners
Elatec is a leading global provider of highly-configurable RFID (radio frequency identification) technology solutions used in a variety of end-markets and industry applications, including printing, physical access control, computing, manufacturing and the Internet of Things (IoT). The company designs and manufactures both contact (SmartCard) and close proximity contactless (NFC, RFID, Bluetooth) readers/writers that enable work optimisation, workforce management, compliance and security.
The financing provides flexibility for the continuation of Elatec’s strategy to target growth industries, in which flexible and secure credential management systems are growing in importance. Pemberton is also providing a committed acquisition facility to support future strategic add-on acquisitions.
Pemberton supported the refinancing through its Mid-Market Debt strategy.
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