Apera supports investment by H.I.G. Capital into comcross

Apera Asset Management (“Apera”), a pan-European private debt investor in the mid-market space, together with Raiffeisen Bank International AG (“RBI”) proudly announce the arrangement of additional debt facilities to the existing financing to support the investment by funds advised by H.I.G. Capital (“H.I.G.”) in comcross GmbH (“comcross”) as strategic add-on acquisition to its portfolio company Infratech Bau GmbH (“Infratech” or the “Company”).

The initial financing of Infratech had been tailored to support the Company’s organic growth as well as potential acquisitions. Apera together with RBI now provided the additional debt facilities for the comcorss add-on acquisition, comprising a unitranche acquisition facility in combination with super senior acquisition facility and an RCF facility increase.

comcross is a leading provider in the digital infrastructure segment with a strong focus on 5G technology, building the infrastructure for the digital future together with leading network operators such as Vodafone or Telekom. Founded in 2013, the Company is headquartered in Leonberg, Germany, and is a leading turnkey provider of high-performance telecommunication infrastructure solutions of 5G mobile networks, covering the entire value chain from planning over construction / assembly to documentation and commissioning.

Infratech builds complex fiber-to-the-home (“FTTH”) networks on behalf of public and private German operators with a base of highly skilled employees and a well-established and reliable group of partners. Based in Meppen (Germany), the Company was founded in 2007 and has grown significantly over recent years connecting thousands of households and businesses in Northern and Western Germany to high-speed internet on behalf of municipalities and telecommunication providers.

Holger Kleingarn, Managing Director at H.I.G. Capital, said: “We very much appreciate the further financing support provided for the comcross acquisition by Apera and RBI. We especially value the swift and flexible execution of the financing process and the trustful relationship.”

Klaus Petersen, Partner at Apera Asset Management, said: “We are very glad about the great development of Infratech and the possibility to support this first acquisition by the Company. comcross further diversifies and strengthens the product portfolio of the Group and we are looking forward to continuing our support for H.I.G. and both Companies.”

Petr Polach, Head of Corporate Finance at RBI, said: “We are very happy to support the sponsor H.I.G. and Infratech with its first acquisition which will enable Infratech to also become an important player in the roll out of mobile networks and hence strengthen its role in the development of the digital infrastructure for consumers and corporates.”

You can download the press release here.

About Apera

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.

About RBI

RBI regards Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe (CEE) as its home market. 13 markets of the region are covered by subsidiary banks. Additionally, the RBI Group comprises numerous other financial service providers, for instance in leasing, asset management or M&A. 

Around 45,000 employees service 17.4 million customers through approx. 1,800 business outlets, the by far largest part thereof in CEE. RBI's shares are listed on the Vienna Stock Exchange. The Austrian regional Raiffeisen banks own around 58.8 per cent of the shares, the remainder is in free float. Within the Austrian Raiffeisen Banking Group, RBI is the central institute of the regional Raiffeisen banks and other affiliated credit institutions.