Mölndal, Sweden-based OptiGroup, a distribution Group that offers customised supply solutions to B2B customers, announced on Monday that it has raised €100M through a first lien term loan tap issue in a private transaction.
The transaction was led by Jefferies, JP Morgan, Danske Bank (lead joint book-runners and lead arrangers), and Baker McKenzie (legal).
This funding comes in addition to the company’s existing €425M first lien and €200M second lien debt financing.
The transaction witnessed the participation of leading international and Nordic institutions, and was oversubscribed due to overwhelming interest.
The Swedish company says it will use the funds to accelerate its growth, including through add-on acquisitions in the large, highly fragmented and attractive European B2B distribution market estimated at €150B.
The fund will also strengthen OptiGroup’s target to enhance its position as a leading European B2B distributor.
Sören Gaardboe, President and CEO at OptiGroup, says, “We are very pleased to raise this debt funding, which will allow us to take significant steps in our journey towards becoming a strong market leader in the highly attractive B2B distribution market in Europe.”
“For our internationalisation and growth phase, the debt funding, and the support from our owners, will help us to drive further growth, including through acquisitions within not the least the Medical and Facility & Safety segments and Packaging Solutions,” adds Gaardboe.
OptiGroup: What you need to know
OptiGroup is a distribution group offering customised supply solutions to B2B customers.
The Swedish firm acquires and develops companies specialising in providing customers with products and services that enhance efficiency and contribute to a more successful business.
Through active and long-term ownership, OptiGroup contributes with industry expertise and synergies between the subsidiaries.
The Group has a strong track record of successful and synergistic acquisitions, recently with Facility Trade Group and MaskeGruppen, two leading distributors of medical and facility products in the Benelux and Nordic regions, respectively.
OptiGroup’s M&A strategy has several potential targets in attractive market segments identified in the pipeline, in line with its business strategy.
The companies within OptiGroup’s business areas claim to provide reliable and sustainable supply solutions to customers within cleaning & facility management, hotel & restaurant, healthcare, the manufacturing industry, and the graphical sector.
Last year, OptiGroup claims to have delivered a solid operational and financial performance, which generated revenues of €1.7B with a growth of more than 20 per cent, whereof organic growth of 9 per cent.
