Go to deals
TMT

iomart Group refinances its debt

iomart Group plc has completed a debt refinancing. The Group has a clear strategic vision and the enlarged debt facility is a key contributor to its future growth.

iomart Group plc is a cloud computing and IT managed services business providing hybrid cloud infrastructure, network connectivity, security, and digital workplace capability. Its products enable customers to connect, secure and scale anywhere, anytime, with a 400-strong team that can design and deploy the right cloud solution for its customers.

The debt advisory team at Oaklins Cavendish, based in the UK, successfully completed the refinancing of iomart. Whilst larger than the previous facility, the new revolving credit facility provides the group with materially enhanced operational flexibility and – given the introduction of four new lenders – significant firepower to provide further lending commitments.

Service
Funding, debt advisory & ECM
Parties

Talk to the deal team

 Alistair  Hay

Alistair Hay

Partner
London, United Kingdom
Oaklins Cavendish

Related deals

Tet has acquired Telia Latvija from Telia Company
TMT

Tet has acquired Telia Latvija from Telia Company

Tet, the leading technology and entertainment operator in Latvia, has acquired Telia Latvija – a B2B telecom services provider – from Telia Company in a competitive auction process. The sale price corresponds to an enterprise value of US$11.5 million on a cash and debt free basis, representing a FY 2021 EV/EBITDA multiple of 10.0x.

Learn more
Skelia SARL has been sold to Nortal AS
Business Support Services | TMT

Skelia SARL has been sold to Nortal AS

Skelia SARL has been acquired by Nortal AS. Following the acquisition, Skelia’s strong presence in Ukraine and Poland will provide Nortal with a solid platform for growth. Together, the parties will be able to expand their business across geographies and time zones, sharpening their customer offering and creating additional opportunities for their global employee pool.

Learn more
Critical Mention has been acquired by Onclusive
Private Equity | TMT

Critical Mention has been acquired by Onclusive

Critical Mention, a leader in media monitoring, will become part of Onclusive, a newly formed global partner for PR and communications success. The move combines Critical Mention’s media monitoring and media contact database tools with Onclusive’s suite of market-leading global media monitoring, measurement and management solutions.

Learn more