December 21, 2020
GCA Altium advises Allgeier and Nagarro on their long-term refinancing
GCA Altium acted as exclusive financial advisor to Allgeier SE and Nagarro SE, two leading technology companies for digital transformation, in securing attractive financing structures for both entities.
Allgeier guides its customers through the challenges of digital transformation to ensure their future success. Allgeier’s previous subsidiary Nagarro, which operates offices in 25 countries worldwide and has strong footholds in India, China, Vietnam and Eastern Europe, is focused on the global software development business. In September 2020 Allgeier’s AGM approved a spin-off and separate listing of Nagarro SE. This transaction enables both Allgeier and Nagarro to focus on their core activities and enhancing the visibility of the two strong brands. The spin-off became effective on December 15th 2020.
In this context GCA Altium advised Allgeier SE and Nagarro SE on tailored financing packages that support the companies’ buy-and-build approaches for further growth and guarantee a stable financing foundation. GCA Altium secured financing for both companies through two consortiums of incumbent and new lenders. Despite extraordinary circumstances caused by the COVID-19 pandemic and the consequent reservations in the financing markets, GCA was able to negotiate attractive structures in terms of volume, financing cost and flexibility for further buy-and-build.
Dr. Johannes Schmittat, Managing Director at GCA Altium, stated: “We are proud that we have been a trusted partner to Allgeier for a long time, having advised them on several occasions over the years, and that we could be part of this great journey. The two new financing structures will support the individual growth stories of both companies and we wish them both continued success.”
The transaction closed on December 21st 2020.