London, 8th March 2021. Apera Asset Management (“Apera”), a pan-European mid-market private debt investor, today announces that it has entered into an agreement with LDC, the private equity arm of Lloyds Banking Group, to provide funding in support of the buyout of Sohonet, along with further committed financing to enable future expansion.
Sohonet is a leading provider of managed networks, IT managed services and innovative software solutions to the media and entertainment industry. The business has a global presence across Europe, North America and Australasia, including locations in London, Los Angeles, New York and Sydney.. It employs more than 120 people and has grown revenues by 30 per cent in the last three years.
The investment in Sohonet is to support the existing management team, led by CEO Chuck Parker, to further build on its international growth strategy and explore complementary acquisitions.
David Wilmot, Partner at Apera, said: “Sohonet is a leading and specialist player with a differentiated proposition operating in the global media and entertainment industry, backed by a strong and highly ambitious management team. We are delighted to support the buyout of Sohonet and we look forward to working with the management team and facilitating the business in its future development.”
LDC’s Dewi Hughes said: “Chuck and his ambitious team came to LDC with a clearly mapped out strategy to continue to grow the business in a rapidly evolving market environment. We are therefore delighted to be investing in such a well-established, branded innovator and to support Sohonet in the next chapter of their journey.”
You can download a PDF of the Press release here.
About Apera Asset Management
Apera is a pan-European mid-market private debt investor operating in the UK, the DACH region, the Nordic region, France and Benelux. The firm develops long-term partnerships with private equity investors, SME borrowers, and advisors by providing tailored financial solutions that meet both the operational needs and growth objectives of clients, whilst producing attractive returns. Apera is focused on bringing a new standard of transparency to the private debt market. Apera’s investors are located across the globe, including the United States, Canada, Europe and Asia.
Apera Asset Management LLP is authorised and regulated by the Financial Conduct Authority (FRN: 771080).
Apera Asset Management LLP is incorporated in the UK and the registered office is at 33 Cavendish Square, London, W1G 0PW, United Kingdom.
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