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Investec Growth & Leveraged Finance provides financing for Bregal Unternehmerkapital's acquisition of STP, the leading DACH-based provider of legal tech solutions for insolvency practitioners and law firms
Our roleInvestec Growth & Leveraged Finance supported sponsor client Bregal Unternehmerkapital, in its acquisition of ERP software provider STP.
Investec won the mandate competitively based on our flexible debt structuring capability and proven track record in the software space.
This is the first transaction Investec G&LF has completed with Bregal.
The DealSTP’s strong credit fundamentals allowed us to structure a financing at competitive leverage and pricing levels delivering a bank club solution for what is a highly sought after credit amongst financiers in the DACH market.
The deal comprises term debt and committed undrawn facilities tailored to STP's business strategy.
STP is the leading provider of legal ERP software in DACH with a market-leading position in insolvency software and a diverse customer base of 1,800 clients, incl. 49 of the Top 50 insolvency administrators. Both insolvency and legal clients use STP’s software daily to organise their workflows, get access to valuable market information and manage documents (paying an annual license fee).
Bregal Unternehmerkapital is part of a family-owned business that has grown over several generations. Bregal specialises in majority and minority holdings, especially in mid-sized companies based in Germany, Switzerland and Austria – the “Mittelstand”. Bregal Unternehmerkapital currently manages around EUR 2.5 billion in overall assets, with EUR 1.2 billion available for new investments.
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