HF Private Debt finances further growth of ICP Group
In connection with the acquisition of ICP Transaction Solutions GmbH by Operando Partners and other investors, HF Private Debt Fonds, SCSp provided debt financing for the further expansion of the ICP Group. The financing volume was not disclosed.
The ICP Group, with locations in Germany, the Netherlands, Poland and the Czech Republic, operates as one of the leading distributors and technical service providers in the dynamic market of prepaid solutions, which includes not only the classic area of mobile prepaid cards. Rather, prepaid today opens the door for a variety of content providers to distribute their products through offline sales channels such as gas stations, grocery stores, and other retailers. ICP aims to achieve further growth by broadening its product and customer base.
HF Debt GmbH acts as exclusive advisor to the Luxembourg-based HF Private Debt fund, SCSp. The fund specializes in providing private debt financing for small and medium-sized companies (EBITDA between EUR 2–10 million) and provides support in the case of growth financing, succession solutions and buy-outs by private equity investors. The geographical focus is on German, Western and Northern European companies with a history of several years.
Advisors to HF Debt GmbH: Heuking Kühn Lüer Wojtek
Thomas K. W. Schrell, LL.M. (Lead Partner, Banking & Finance), Frankfurt
Anja Harms (Banking & Finance), Frankfurt