Kartesia provides financing solution for Mayfair Equity Partners-backed MBO of Access Partnership
Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, today announces that it has provided a senior financing package of £50m+ to support the MBO of Access Partnership by the Management Team and Mayfair Equity Partners.
Founded by its CEO Greg Francis in 1999 and headquartered in the UK, Access advises global blue-chip technology and telecom clients on achieving entry to new markets on efficient and responsible terms and maintaining access to existing markets around the world. Access also advises governments, multilateral organisations, and regulatory authorities to ensure that new technology is appropriately regulated. Headquartered in London, with offices in Washington DC, Brussels, Singapore, Abu Dhabi and Johannesburg, the Company services clients globally.
The financing solution provided by Kartesia’s senior debt strategy comprises term debt and a Committed Acquisition line. The transaction marks Kartesia’s first deal alongside Mayfair Equity Partners, one of the leading private equity investors in the UK market.
Through its Active Partnership Model, Mayfair will support Access’s ongoing global expansion alongside the development of new services. The Company’s attractive base of large and long-term clients, combined with a proposition centred on offering highly specialised and strategic advice, has driven revenue growth of over 50% CAGR, alongside EBITDA margins exceeding 30%, in recent years.
Nick Holman, Director at Kartesia, commented: ““We are delighted to announce Kartesia’s involvement in this transaction. Since launching the senior debt strategy, we have favoured investments in disruptive businesses operating in a growing UK technology market, which now make up a significant part of our portfolio. Access is uniquely positioned as a leading global specialist on tech market access and counts some of the largest global tech firms among its client base. The business is well-placed to capitalise on the need for these clients to adapt to a changing tech landscape. We look forward to working closely with Mayfair and the management team as Access continues on its impressive growth trajectory.