Hogan Lovells advised Barings on refinancing Interstellar
It will support the long-term growth strategy and expand their geographical presence
Hogan Lovells advised Barings on refinancing Interstellar
It will support the long-term growth strategy and expand their geographical presence
Hogan Lovells has advised Barings in relation to a refinancing credit facility for Interstellar, one of the fastest growing IT service providers in the Netherlands and a specialist in the field of Cloud, Cybersecurity and Collaboration.
Interstellar is a collation of successful specialists comprising 650 employees and a combined turnover of €150 million. The company launched in January 2021 with the help of Private Equity player Quadrum Capital and ever has successfully completed nine acquisitions, earning a rightful place among the fast-growing IT service providers.
Barings is a global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate and specialist equity markets. It has over US$349 billion in assets under management. With investment professionals based in North America, Europe and the Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients and employees, and is committed to sustainable and responsible investment.
Wouter Jongen, the Amsterdam-based partner at Hogan Lovells said, "Advising on such a significant transaction is a testament to the strength and depth of our practice in the Benelux market and builds on our previous collaborations with Barings.
"This follows a busy summer, where we advised Egeria on financings for the acquisitions of FinancialLease.nl, Accent Automatisering and Arcus IT and lenders on the acquisitions of Bouwgroup Dijkstra Draisma, Zorg van de Zaak, Partou, Aliter Networks Holding, Novelli Presa and Van Wanrooij Waardenburg."
The Hogan Lovells team was led by partner Wouter Jongen, with support from Becky Powell, Sid Saxena, Alexandro Flemming, and Laurens Boers.