Hogan Lovells advises Barings on the refinancing of IT service provider Interstellar
Amsterdam, 26 August 2022 - Hogan Lovells has advised Barings in relation to a refinancing credit facility for Interstellar - one of the fastest growing IT providers in the Netherlands and a specialist in the field of Cloud, Cybersecurity and Collaboration. This refinancing will support Interstellar in their long-term growth strategy, expanding their geographical presence and further strengthen their capabilities.
The Hogan Lovells team was led by Amsterdam based partner Wouter Jongen, with support from Becky Powell, Sid Saxena, Alexandro Flemming and Laurens Boers.
Wouter Jongen said: “Advising on such a significant transaction is a testament to the strength and depth of our practice in the Benelux market and builds on our previous collaborations with Barings. This follows a busy summer, where Hogan Lovells advised Egeria on financings for the acquisitions of FinancialLease.nl, Accent Automatisering and Arcus IT and lenders on the acquisitions of Bouwgroup Dijkstra Draisma, Zorg van de Zaak, Partou, Aliter Networks Holding, Novelli Presa and Van Wanrooij Waardenburg.”
Interstellar is a collation of successful specialists in the field of Cloud, Cybersecurity and Collaboration, counting 650 employees and a combined turnover of €150 million. The company launched in January 2021 with the help of Private Equity player Quadrum Capital and since then they successfully completed nine acquisitions, earning them a rightful place among the most fast-growing IT service providers in the Netherlands.
Barings is a global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate and specialist equity markets. Barings has more than US$349 billion in assets under management. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients and employees, and is committed to sustainable and responsible investment.