H.I.G. WhiteHorse Europe Provides Financing to Altares
H.I.G. WhiteHorse Europe, a prominent credit affiliate of the global investment firm H.I.G. Capital, has recently arranged a significant financing package aimed at supporting Altares, a leader in the business data and analytics sector. This collaboration underlines a firm commitment to fostering growth and maximizing potential for businesses seeking robust financial insights.
Understanding Altares and Its Impact
Altares has been instrumental in providing critical business intelligence and analytics to B2B companies. This includes services across various domains such as Financial Intelligence, Sales Intelligence, ESG, and Compliance. Backed by Naxicap Partners, Altares has built a reputation for facilitating informed decision-making through its sophisticated data management solutions.
The Financing Package Details
The recently arranged financing package totals €93 million, and it serves a dual purpose: refinancing existing debts while paving the way for Altares' next growth phase. This strategic financial move represents confidence among investors in Ultrares’ management and its future direction.
Statements from Company Leadership
Luc Querton, the President of Altares, expressed enthusiasm about the financing: "We strive to reveal growth opportunities for our clients, supporting them in managing credit risks and ensuring compliance with regulations. This financing allows us to sustain our growth and continue delivering innovative technologies that cater to the diverse needs of our clients." Moreover, Pascal Meysson, Head of H.I.G. WhiteHorse Europe, remarked on Altares' strong market position: "The financing we provided reflects our confidence in the expansion strategy being implemented by Altares' management team alongside Naxicap Partners."
About Altares: Leading the Market
As a key player in business insights, Altares specializes in collecting, structuring, and analyzing a vast amount of B2B data. The organization is known for transforming raw data into actionable insights, empowering clients across sectors to make data-driven decisions. With an exclusive partnership with Dun & Bradstreet, Altares provides unlimited access to a rich database comprising over 550 million companies worldwide, solidifying its stature as a trusted business partner.
H.I.G. Capital and Its Commitment
Founded in 1993, H.I.G. Capital is recognized as a leading alternative investment firm, managing an impressive portfolio valued at approximately $65 billion. The firm's strategy incorporates both debt and equity investments across various sectors, ensuring flexibility and operational efficiency. H.I.G. operates multiple investment strategies, including private equity, debt funds, and real estate, making them a versatile partner in supporting growth stories like Altares.
The Future of Altares and H.I.G. WhiteHorse
With financial backing from H.I.G. WhiteHorse Europe, Altares is poised to further its commitment to innovation and excellence in the business data domain. The supportive financing will enable Altares to enhance its service offerings, expand its market reach, and reinforce its leadership in data analytics.
Frequently Asked Questions
What is the purpose of H.I.G. WhiteHorse's financing for Altares?
The financing aims to refinance existing debts and support Altares' growth strategies in the business data and analytics market.
Who is Altares, and what services does it provide?
Altares is a leader in business data and analytics, offering solutions in Financial Intelligence, Sales Intelligence, ESG, and Compliance, tailored for B2B clients.
What are the benefits of the partnership between Altares and H.I.G. WhiteHorse?
The partnership facilitates financial support that enables Altares to sustain growth, innovate, and adapt to evolving market needs.
How does Dun & Bradstreet relate to Altares?
Altares has an exclusive partnership with Dun & Bradstreet, providing clients with access to a comprehensive database that enhances business decision-making.
What is H.I.G. Capital's investment strategy?
H.I.G. Capital invests in both debt and equity across a variety of market sectors, focusing on middle-market companies with substantial growth potential.
