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Osborne Clarke advises Kartesia on €29m senior loan facility to Firstcom Europe


Written on 26 August 2020

International legal practice Osborne Clarke has advised Kartesia, the European provider of specialist capital solutions for small and mid-sized companies, on its second deal in the UK from its Senior Opportunities I fund (KSO 1).  

The transaction saw Kartesia provide €29m senior loan facilities to leading pan-European cloud telecommunications provider, Firstcom Europe. The loan package is for the purpose of supporting Firstcom’s buy-and-build strategy and to refinance its existing debt facilities.

The Osborne Clarke team was led by Partner Laurie Keel (banking) alongside Senior Associate James Hunt, Associates Jon Dodds and Marco Zacchino (all banking), Senior Associate Seamus McKimm and Associate Alec Bartlett (both corporate), and with support from Osborne Clarke in Germany (led by Antje Gunther). Osborne Clarke worked as an integrated team with local law support from best friend counsel in Denmark (Kromann Reumart), Scotland (Brodies) and Sweden (2B).

Firstcom is a provider of Unified Communications (UCaaS) systems which include advanced voice services, online chat, video conferencing, screen sharing and SIP channel web access for SMEs.

Partner Laurie Keel commented: “We were delighted to be able to support Nick and the Kartesia team in completing their second transaction in as many months in the UK.  It was pleasing to be involved in leading a multi-jurisdictional team on a deal that is firmly in the sweet spot for us – tech-focused and UK-based but with international elements, enabling us to draw on our network of international offices and best friend relationships to help Nick and Sebastian complete a smooth transaction for their customer.  We look forward to further strengthening our relationship with Kartesia as they look to expand their portfolio of UK-based relationships.”