We have advised Croft, a leading privately owned UK-focused provider of IT and communications services on its refinancing.
Established in 2006, Croft is a B2B managed IT and communications service provider, which has grown through a combination of strategic acquisitions and organic growth. Croft currently offers a comprehensive range of fully managed services including IT services, cyber security, hosted telephony, business phones, connectivity, and business mobiles.
Croft’s bespoke solutions help its clients across the UK save money, work flexibly, and increase mobility and productivity. It is a one-stop-shop for a business’ connectivity needs, from super-fast broadband to business phones, managed IT services and cyber security.
At the heart of Croft is an ambitious, and solution-driven team. Supporting and driving the development of this team, the business partners with a range of best-in-class providers to offer customers leading technology and increase their own productivity.
The refinancing provided by Five Arrows will support the business with its ambitious growth plans, providing funding to support further acquisitions and continue growing its market share across the UK.
Five Arrows is the alternative assets arm of Rothschild & Co, with €26bn of AuM and offices in Paris, London, New York, Los Angeles, San Francisco, and Luxembourg. With around €3bn of assets under management, the direct lending business of Five Arrows provides customised senior and subordinated debt financing solutions to privately-owned businesses across the European mid-market, with a focus on the healthcare and education; software, data and IT services; business and financial services sectors.
