Utrech-based business transformation and IT services provider Conclusion has completed a refinancing round that will see €410 million of operating capital aimed at international expansion plans beginning with the expansion of existing operations in South Africa and Portugal, as well as strengthening its position in the Netherlands.
According to a statement released by the firm, the terms of the financing, provided by a consortium of undisclosed banks and funds, are partly linked to the achievement of various sustainability objectives of Conclusion, a so-called Sustainability Linked Loan.
“As part of securing the refinancing, we consciously choose to link part of the interest of the financing to the achievement of sustainability targets. The exact KPIs will be determined in the coming months, in consultation with the providers,” explained Conclusion CFO Emiel van Boxtel.
“The new financing offers us the necessary continuity and flexibility to fulfill our growth ambitions for the coming years,” added Conclusion CEO Engbert Verkoren. “We see further growth opportunities in the Netherlands and our customers are also asking for services outside the Netherlands.”
Conclusion counts KLM, Jumbo, Eneco, Rabobank, and ING amongst its client base.