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Osborne Clarke advises Kartesia on acquisition financing in digital transformation sector


Written on 11 June 2021

Osborne Clarke advises leading European capital solutions provider on financing solution for acquisition of digital transformation specialist.  

The London leveraged finance team at Osborne Clarke has advised Kartesia, the European specialist provider of finance for small and mid-sized companies, on a financing solution to mid-market private equity firm Palatine Private Equity for its acquisition of a majority stake in Manchester-headquartered digital transformation and customer experience specialist FourNet.

FourNet offers contact centre and unified communication solutions primarily to government departments and other public sector enterprises.

Kartesia’s support for Palatine’s acquisition of FourNet marks another successful combination for Osborne Clarke and Kartesia in the cloud-centric services sector in the UK. In August 2020, Osborne Clarke advised Kartesia in providing €29m facilities to leading pan-European telecommunications provider Firstcom Europe.

The Osborne Clarke team comprised of Partner Laurie Keel, Senior Associate James Hunt, Associate Marco Zacchino, Trainee Solicitor Dan Charie and Paralegal Rebecca Houston from the Finance team. Associate Director Seamus McKimm and Associate Alec Bartlett in the Corporate team also assisted.

Laurie Keel commented: “We were delighted to once again leverage our sector expertise to support Kartesia on the financing of a company at the cutting edge of UK digital transformation and unified comms. As always, a pleasure to work with the Kartesia team and to work alongside Spectrum Corporate Finance and other advisors to deliver a smooth and well-executed transaction.  Congratulations to the Kartesia team and all parties involved.”