GCA Altium is now part of Houlihan Lokey

Transaction Details

January 26, 2021



Deal Type

Acquisition financing, Debt advisory

Deal Team

Thorsten Weber, Verena Jacobs, Nikolaus Clary, Matthias Münnich

GCA Altium advises FLEX Capital on the acquisition financing for Nitrado

GCA Altium has advised FLEX Capital on the acquisition financing for Nitrado (marbis GmbH), a leading global provider of game server hosting and server software.

With headquarters in Karlsruhe, Germany, and more than 70 employees, Nitrado operates eight data centres reaching customers in more than 100 countries. In addition to operating servers that are critical for high gaming performance, Nitrado develops proprietary software applications for controlling, monitoring and security purposes.

Nitrado was founded by Marcel Bößendörfer and Marco Balle in 2012, and since then it has experienced strong organic growth internationally. As the company is entering its next phase of growth, the founders decided to sell the majority of their shares and onboard a professional investor.

Together with FLEX Capital, Nitrado will expand its global B2B business and strengthen its international footprint. Peter Waleczek, Partner at Flex Capital, said: “Right from the beginning, we were impressed by Nitrado’s strong brand presence in the gaming community and by its strong market position as a true technology champion. We look forward to continuing its successful growth path together with its management.”

Thorsten Weber, Managing Director at GCA Altium, added: “We are delighted to have advised FLEX Capital on this financing transaction. With its entrepreneurial approach and superior sector knowledge FLEX Capital is, in our view, the ideal partner for Nitrado. Together with the company’s strong management team, FLEX Capital will lead the group into the next growth phase.”

GCA Altium ran a competitive financing process focusing on Senior and Unitrache lenders. Due to this process, GCA Altium managed to optimise terms and structured an attractive financing package provided by a bank consortium.

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