Esendex, the Darwin Private Equity backed Nottingham-based provider of mission critical SMS services to businesses, has completed a \u00a310 million refinancing with HSBC including material acquisition facilities.<\/p>\n
Esendex completed its investment from Darwin in July 2013 in an \u00a311 million transaction and acquired Text Marketer in December 2013.<\/p>\n
Geoff Love, CEO of Esendex, commented: \u201cWe 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.\u201d<\/p>\n
Nick Jordan, Partner at Darwin, commented: \u201cEsendex 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.\u201d<\/p>\n