GCA becomes part of Houlihan Lokey

Transaction

Transaction Details

Closed
October 25, 2017

Sector

Software, Tech-Enabled Services, Technology

Deal Value

$212M

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GCA Advises Allgeier on Its Long-Term Refinancing

GCA acted as exclusive financial advisor to Allgeier SE, a leading IT services provider, on a long-term refinancing to provide flexibility for further growth.

Allgeier, which operates in 20 countries, has over 6,800 salaried employees and more than 1,300 freelance experts. The company’s 3,000 customers, which include global companies and innovative businesses, utilize Allgeier’s high-performance IT solutions, intelligent software and flexible personnel services.

Allgeier signed a new flexible revolving loan facility with six banks. The new facility will be used to refinance Allgeier’s existing debt and to provide financing for potential acquisitions. Given Allgeier’s high M&A activity, the corporate-style loan facility includes certain features of LBO structures.

GCA advised Allgeier on the full financing process. "We have been able to provide Allgeier with a mixture of the best of two worlds, classic corporate loan structures and LBO features. This gives Allgeier the flexibility it needs on corporate terms," said Johannes Schmittat, Managing Director at GCA.

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