Interstellar completes significant refinancing with Barings

Interstellar was launched in January 2021 with the help of private equity investor Quadrum Capital. It is a collection of successful Managed Service Providers and specialists in the field of Cloud, Cybersecurity and Collaboration. Interstellar has more than 650 employees and a combined turnover of EUR 150 million. Since its launch eighteen months ago, Interstellar has made nine acquisitions and has become one of the fastest-growing IT providers in the Netherlands, with an average annual growth in turnover of 100%.

Several acquisition projects are currently underway, some of which are expected to be announced in the fourth quarter. "Interstellar has developed strongly in the past year and a half, driven by strong organic growth and targeted acquisitions. Also for the coming period we have a very ambitious plan to further expand the portfolio and the area of activity. I am therefore very pleased that we are partnering with Barings to provide the financing for this," says Interstellar CEO Maarten van Montfoort. "We are proud that a world-class player supports our growth strategy and expresses confidence in our mission to become the most relevant IT service provider in the Netherlands."

"It is great that we have been able to do such a significant transaction at this time with a leading financial partner like Barings," said Investment Director Gert van Drie of Quadrum Capital. "We at Quadrum Capital are also committed to Interstellar's growth ambitions and look forward to the developments in this next phase with great confidence."

"Interstellar is a wonderful organisation with which we have gone through a very professional process. There was a lot of enthusiasm from the market for this refinancing. We believe that the financing provided by Barings is the best fit for Interstellar's growth ambitions," says partner debt advisory Rafael Gomez Nunez of Nielen Schuman.