Transaction Details

December 20, 2019
Frankfurt

Sector

Technology

Deal Type

Debt advisory, Refinancing

Deal Value

N/D

Deal Team

Johannes Schmittat

GCA Altium advises Allgeier SE on a refinancing

GCA Altium acted as exclusive financial advisor to Allgeier SE, one of the leading technology companies for digital transformation, on a long-term financing improving conditions and providing flexibility for further growth.

Allgeier guides its customers through the challenges of digital transformation to ensure their future success. With more than 10,000 employees and over 1,000 freelance experts, the company covers the complete IT service spectrum from onsite to nearshore to offshore – with strong footholds in India, China, Vietnam and Eastern Europe and offices worldwide in 28 countries. For global corporations and market and industry leaders from many verticals and geographies Allgeier is “thinking breakthroughs” for new digital business models, defining strategic priorities and expeditiously executing groundbreaking projects to create agile and intelligent enterprises for the digital era.

Last week, Allgeier SE signed a new central credit facility for Allgeier Group. This creates a new basis for Allgeier Group’s long-term financing over the coming years, providing new scope for future acquisitions and investments. The financing partners are Commerzbank, ING Bank, Landesbank Baden-Württemberg, Landesbank Hessen-Thüringen and Norddeutsche Landesbank.

The flexibly usable revolving credit line amounts to EUR 228 million. The initial term is five years and can be extended twice by one year. The conditions were adjusted for tailor-made use to finance acquisition projects and also to comply with the IFRS 16 standard. The credit line is expected to be closed by the end of December 2019.

GCA Altium advised Allgeier on the full financing process. “With the new credit facility, we have been able to provide Allgeier Group with a significantly increased volume of financing funds available on demand and at attractive conditions,” said Johannes Schmittat, Managing Director at GCA Altium.

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