Kartesia and Triton support refinancing of Damovo
Kartesia and Triton Debt Opportunities (“TDO”) today announce that they have joined forces to provide a financing solution to support the refinancing process of Damovo (“the Company”). Kartesia is a European specialist provider of capital solutions for small and mid-sized companies, and TDO is the “all weather” opportunistic credit arm of European investment firm Triton.
Headquartered in Duesseldorf, Germany, Damovo is a global provider of managed communication and collaboration services including unified communication and collaboration (“UCC”), enterprise network, contact centre, and security solutions. The Company has a local presence across Europe, the Americas and APAC, with a global support capability spanning over 150 countries, whilst serving a diversified customer base of c. 2,500 clients ranging from mid-market businesses to large enterprises and public entities.
Kartesia and Triton have supported Damovo with a senior financing solution to release additional capital in support of the continued growth of the business. The capital for this investment is provided by Kartesia Credit Opportunities (“KCO”) Funds IV & V, and Triton Debt Opportunities Fund II (“TDO II”). The deal team at Kartesia included Thomas Pöhler, Niclas Paulin, and Kristina Ivanova. Triton’s team included Chrysanth Herr and Tadas Malinauskas.
Thomas Pöhler, Head of Germany at Kartesia, said: “We are excited to work together with Triton to support Damovo in this transaction. Damovo’s strong business model and established presence in the European UCC space perfectly matches our investment criteria. Based on its strong value proposition and proven expertise in delivering complex integration solutions to clients, we are convinced that the Company will continue its growth trajectory in the future. We look forward to working with Triton and the Management team in driving the continued success of Damovo.”
Chrysanth Herr, Partner at Triton Debt Opportunities, added: “We are very pleased to have partnered with Kartesia on this transaction whose experience in the UCC space has been very valuable. We were attracted to Damovo by its impressive and loyal customers that are a testament to the quality of the services it provides. We look forward to working with Kartesia and Damovo to further drive growth.”
Jeff McFarlane, CEO at Damovo: “We are excited to have found and selected strong financing partners in Kartesia and Triton. Collectively they bring extensive experience in supporting small and mid-sized businesses with innovative financing solutions. We are convinced that having the right strategic partners will enable Damovo to continue its growth trajectory and further expand and solidify its position in the market.”