Kartesia raises €1.8 billion for second-generation senior debt strategy - Kartesia

Kartesia raises €1.8 billion for second-generation senior debt strategy

Corporate Publications

Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, is pleased to announce that it has held the final closing for its second-generation senior debt strategy, Kartesia Senior Opportunities, at €1.8 billion. This amount exceeds the initial target of €1.5 billion, highlighting strong investor confidence in Kartesia’s approach and expertise. KSO II is 80% larger than the first-generation strategy, which closed at €1 billion in March 2021.

The Senior Opportunities strategy invests in 100% first lien secured loans. Supported by the Kartesia platform, which manages a total of €6.7 billion with a dedicated team of more than 100 professionals across eight European offices, the fund will target European companies in the lower mid-market seeking stability and expansion, committed to being a catalyst of growth. KSO II has already deployed 60% of its fund size in 30 portfolio companies, across seven countries and ten MSCI industries.

Recent transactions for the strategy include supporting FCDE and Exens Group with the acquisition of Bowen Systems; the provision of additional capital to Clearway Group for its acquisition of Secontec; and a unitranche financing package for Cemedis Group.
Responsible investing is at the core of Kartesia’s values, and the Senior Opportunities strategy actively aligns with the SFDR Article 8 standards. It emphasizes promoting positive environmental and social attributes within its portfolio.

Damien Scaillierez, Managing Partner at Kartesia, commented: “This is another important milestone for the Company as we continue to expand our geographic footprint and strengthen our position as one of the leading lenders to support the growth of Europe’s most exciting and innovative SMEs. Our commitment of capital to 30 European companies through this second fund demonstrates our ability to originate and execute transactions that effectively meet the needs of portfolio companies while also delivering stable returns for our investors. We look forward to the continued growth of the KSO portfolio and would like to thank our investors, employees and other stakeholders for their continued support, hard work, and dedication.”