Barings Backs Abry Partners’ Take-Private of LINK Mobility Group
Nov 15, 2018
Barings, one of the world’s leading asset management firms, announced today that it co-arranged a senior secured financing package in support of Abry Partners’ acquisition of LINK Mobility Group (“LINK”), Europe’s leading mobile messaging provider. Formerly on the Oslo Stock Exchange, LINK now operates privately under Abry Partners. Financial terms were not disclosed.
Specializing in mobile messaging services, mobile solutions, and mobile data intelligence, LINK presents a unique financing opportunity for Barings to support a leading player in the growing European market. LINK’s longstanding customer relationships across Europe, wide range of scalable solutions and services, and its ability to integrate with customers’ platforms and the growing demand for digital convergence between businesses and customers, platforms, and users worldwide makes it an attractive financing opportunity.
“The demand for bilateral, integrated mobile messaging and data solutions is a global trend that will continue to grow as people and companies increasingly utilize mobile messaging technologies as a primary channel for communication,” said L. Max McEwen, Managing Director of Barings Private Finance. “LINK is well positioned to take advantage of this trend with its market leading European footprint and diverse customer base. We are excited to support Abry and LINK’s management team on the next phase of growth.”
“Barings deep expertise in Europe, coupled with their consistent global coverage model and ability to offer customized financing solutions throughout the European market made them an ideal financing partner to work with on the acquisition of LINK,” said Chris Ritchie, Vice President of Abry Partners. “Barings ability to provide financing certainity, on a truncaited timeline, was a critical factor in Abry Partners’ successful tender.”
Barings Global Private Finance, part of Barings LLC, is a 70+ investment team located in seven offices on four continents. GPF has a 40-year track record of successfully financing middle-market buyouts, acquisitions, and recapitalizations. With product capabilities that range from traditional senior debt to bespoke junior capital securities, and hold sizes of $200 million+, Barings is focused on providing capital solutions that help our private equity clients complete their deal on time and as expected. Our long-term commitment to the asset class, local origination in each region, consistent team, and broad range of investment capabilities, are designed to provide investors an absolute spread premium to broadly syndicated loans as well as an attractive risk-adjusted return potential.
Barings is a $310+ billion* global financial services firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative solutions and exceptional service. Part of MassMutual, Barings maintains a strong global presence with over 1,900 professionals and offices in 16 countries. Learn more at www.barings.com.
*As of September 30, 2018