The European Debt Finance team advised a consortium of investors comprising PSG Equity, TA Associates, and Verdane in connection with the refinancing of the existing debt facilities of their portfolio company Hornetsecurity and the acquisition of Vade.
PSG Equity, based in Boston, MA, is a growth equity firm that partners with middle-market software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities and build strong teams.
TA Associates is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries – technology, healthcare, financial services, consumer and business services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has over 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong.
Verdane is one Europe’s leading growth equity investment firms specializing in creating category leaders pursuing opportunities within digitalisation and decarbonization, with more than €4.5 billion in growth capital and with offices in Berlin, Copenhagen, Helsinki, London, Oslo, Munich and Stockholm.
Hornetsecurity is an international leader in email cloud security, compliance and backup for Microsoft 365, and secures companies and organizations of all sizes across the world. Hornetsecurity has been operating for over 15 years and is trusted by over 50,000 customers worldwide, with a team of over 400 specialists.
Vade is a French leader in AI-powered email security protecting 1.4 billion corporate and consumer mailboxes worldwide and serves the ISP, SMB, and MSP markets.
The Goodwin team was led by Hugh O’Sullivan and included Thibaud Frouin and Natalie Ong (Debt Finance, London), Folko Moroni and Rina Omura (Debt Finance, Munich), Elie-Raphael Soudry and Olha Polishchuk (Debt Finance, Luxembourg), Adrien Paturaud and Laurent Bonnet (Debt Finance, Paris), Dylan Brown and Anthony Shaheen (Debt Finance, US), Dulcie Daly and Nathan Langford (Tax, London) and Oded Schein and Philipp Lauer (Tax, Munich).