Arrowpoint Advisory raise new debt to support growth of Firstcom Europe

Arrowpoint Advisory has successfully completed a new senior loan facility for Firstcom Europe, a leading pan-European cloud telecommunications provider backed by Oakfield Capital. The new debt package provides Firstcom with €29 million of funding to support its ongoing growth, and in particular its successful buy and build strategy.

Firstcom Europe provides easy-to-use business telecommunications solutions to over 6,500 customers across Europe from 13 offices in the UK, Germany, Sweden, Denmark, and Poland. Its product range includes a proprietary UCaaS (Unified Communications) solution that brings together chat, voice, video and document collaboration on the one platform accessible by fixed line phones, mobile handsets, and computers.

The Company was founded in 2004 and has grown both organically and through acquisitions. Over the past six years Firstcom has made and integrated eight acquisitions, and now generates annual revenues exceeding €35 million.

Firstcom CEO Christian Bleakley said: “I was impressed with Alessandro and the rest of the Arrowpoint Advisory team who worked tirelessly in the difficult Covid-19 environment, to both source a quality lender such as Kartesia, and provide support to us in getting the deal closed. It was a first-class effort that will enable us to continue our growth strategy at this very important stage in the development of our market.”

Oakfield Co-founder & Partner Roy Merritt said: “The Arrowpoint Advisory team guided Firstcom through the process and showed real tenacity to get the financing completed despite the impact of Covid-19. They were level-headed throughout all the uncertainty and deserve huge credit for bringing such a high-quality lender as Kartesia to the business.”

Alessandro Brembati, Assistant Director at Arrowpoint Advisory, concluded: “We are very pleased to have advised Firstcom in this important step of its consolidation strategy. It has been a pleasure to work with Christian and the exceptional management team to raise financing in a turbulent market environment and look forward to seeing the results of their collaboration with Kartesia.”

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