New Deal: Unitronics
Kartesia is pleased to announce an investment to achieve the full growth potential of Unitronics Comunicaciones (“Unitronics” or “the Company”), a highly reputed Spanish IT integrator and consultancy.
Founded in 1963, Unitronics is a Spanish high value-added IT integrator specialised in managed services and comprehensive integration solutions for a broad base of B2B clients, with a focus on large private companies, public administrations and service providers.
After the takeover in 2013 by Baring and the appointment of a new CEO, José Mestre, the Company implemented a full operational restructuring that re-focused the business orientation towards higher value-added activities, mainly complex integrations and recurring services.
The agreement comprises a balance sheet restructuring bundled as a short-term financing facility deployed at closing , with the possibility to draw down additional funding to finance organic growth or to acquire niche players with a complementary service offering.
Tomás Neuhaus, Associate Director at Kartesia, said, “Unitronics is a recognised player in a competitive and technical market, consistently providing high-quality services to a loyal client base leveraging on the widest portfolio of technology partners. We are pleased to finally disclose this agreement which has solved the financing issue that the Company had been facing in recent years and will unlock significant growth opportunities.”
Juan Cambeses, Investment Director at Baring Private Equity Partners, commented: “We are excited about partnering with a renowned firm like Kartesia, which was able to provide a comprehensive financing solution to support Unitronic’s plans, contributing significantly to its value creation.”
José Mestre, CEO of Unitronics said: “This long-term debt refinancing represents a critical milestone in the company’s financial road map and excellent progress towards the successful completion of Unitronics’ full restructuring process, which will allow our talented teams to focus all endeavours on achieving operational strategic objectives. Sustainable asset financing along with increased productivity, careful selection of technologies and cost optimization will allow us to increase cash generation through revenue and profitability growth. We look forward to strengthening our relationship with Kartesia in the near future as we expand our presence in highly profitable IT niche markets.”
Unitronics is a privately owned company specialised in IT Managed Services and IT Integration Services for public and private clients. Unitronics offering includes 24x7 Managed Services from its own Managed Support Centre like IT outsourcing, IT maintenance, remote monitoring, operation and administration and Security Operations Centre (SOC), and integration services as engineering, procurement, installation and deployment of IT solutions sourced from third-party world-class technology partners in the fields of Networking, Cybersecurity, Data Centres and Cloud, Collaboration and Communications Infrastructure. For further information visit www.unitronics.es