H.I.G. WhiteHorse Europe Supports Altares with Financing
H.I.G. WhiteHorse Europe, a well-known credit affiliate of the global investment firm H.I.G. Capital, has successfully arranged a substantial financing package for the innovative company, Altares. This financing aims to refinance Altares' existing debts and promote further expansion in its business.
About Altares and Its Market Position
Altares stands out as a market leader in business data and analytics, offering a diverse range of services to B2B clients. Since its support from Naxicap Partners began in 2016, Altares has significantly enhanced its capabilities, focusing on various areas such as Finance Intelligence, Sales Intelligence, Environmental, Social, Governance (ESG) compliance, and risk management. The company excels in providing specific solutions that are tailored to meet the unique challenges faced by its clients, ensuring they can navigate complex business landscapes effectively.
Commentary from Altares Leadership
Luc Querton, the President of Altares, expressed great enthusiasm about the new financing. He stated that their mission revolves around helping clients uncover growth opportunities, manage credit risks, and maintain compliance with regulations. He highlighted the importance of their ability to innovate continuously and meet the rising demands of clients across finance, compliance, and ESG.
The Role of H.I.G. WhiteHorse Europe
H.I.G. WhiteHorse Europe served as the sole arranger and underwriter for the €93 million financing package. Pascal Meysson, the head of H.I.G. WhiteHorse Europe, remarked on Altares' strong position in the business data and analytics industry, which continues to expand globally. The financing showcases H.I.G.'s commitment to supporting Altares as it implements its strategic growth plans alongside its partners.
Growth in Business Data Analytics
With the financing, Altares can potentially unlock new avenues for innovation and service delivery. The company leverages its exclusive partnership with Dun & Bradstreet, a leader in business decisioning data, providing access to a database of over 550 million companies worldwide. This collaboration enhances Altares' offerings in the fields of risk management, compliance, and market intelligence.
About H.I.G. Capital
H.I.G. Capital is a powerhouse in the investment landscape, managing $65 billion in total capital. The firm specializes in providing flexible debt and equity solutions to middle-market firms across various sectors. Their approach combines operational involvement and value creation, which has proven successful since their establishment in 1993. H.I.G. Capital has backed more than 400 companies globally and maintains a diverse investment portfolio that reflects their deep industry expertise.
Commitment to Responsible Investment
H.I.G. Capital's commitment spreads beyond mere investment; they aim to build solid partnerships with entrepreneurs. Their goal is to foster sustainable business practices while driving growth for companies like Altares. This ensures that both H.I.G. and its portfolio companies thrive in today’s fast-paced business environment.
Frequently Asked Questions
What financing package has H.I.G. WhiteHorse Europe provided to Altares?
H.I.G. WhiteHorse Europe arranged a €93 million financing package designed to refinance Altares' existing debts and support its growth strategies.
What areas does Altares focus on in its business data and analytics services?
Altares specializes in Finance Intelligence, Sales Intelligence, ESG compliance, and overall risk management for its B2B clients.
How long has Naxicap Partners been supporting Altares?
Naxicap Partners has been supporting Altares since 2016, helping to strengthen its market position.
What is H.I.G. Capital's approach to investment?
H.I.G. Capital focuses on providing both debt and equity capital with a value-oriented approach, ensuring active involvement in the operations of portfolio companies.
What is the significance of the partnership between Altares and Dun & Bradstreet?
This partnership allows Altares to access vast data resources, empowering it to deliver comprehensive insights and analytics for improved decision-making in a global context.
