We have advised Astek on its €95m unitranche financing arrangement from Tikehau IM. This financing will be for growth and optimising its balance sheet to be in a position to consolidate its industry.
Founded in 1988, Astek is one of the leading French engineering and IT services companies specialised in outsourced R&D and digital transformation, with nearly 500 customers and 3,200 employees in France and internationally. Astek generated €198m in revenue in 2018.
Tikehau IM is the exclusive coordinator of a unitranche debt, providing an attractive, flexible and tailor-made financing structure to support the company's development, in particular, providing the resources necessary to boost external and organic growth.
