ESENDEX COMPLETES £10M REFINANCING
Esendex, the Darwin Private Equity backed Nottingham-based provider of mission critical SMS services to businesses, has completed a £10 million refinancing with HSBC including material acquisition facilities.
Esendex completed its investment from Darwin in July 2013 in an £11 million transaction and acquired Text Marketer in December 2013.
Geoff Love, CEO of Esendex, commented: “We are excited about the organic and acquisition led growth opportunities available for Esendex and believe we have a strong financing structure in place to deliver our ambitious plans. HSBC have shown a strong understanding of our business model and market, and we are pleased to be partnering with them alongside Darwin for the next stage of the development of the business.”
Nick Jordan, Partner at Darwin, commented: “Esendex has experienced exceptional organic growth since we invested and has already demonstrated the value creation opportunities available as a well funded consolidator in a fragmented market. With the successful integration of Text Marketer completed and a strong pipeline of M&A opportunities ahead, these facilities will help further accelerate our growth.”
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