European Growth Capital
The Fund provides specialty debt financing to European growth businesses, predominantly in the technology, life sciences and environmental sectors. Typical loan sizes range from €1-20 million with the flexibility to do larger transactions opportunistically.
We look for investment opportunities in high growth business with proven management teams in need of capital to fuel organic growth, acquisitions, equipment purchases, bridge loans and various forms of recapitalization.
Click the video below to view, Johan Kampe and David Bateman, both Senior Managing Director’s for Harbert European Growth Capital, discussing the history and investment process of the Fund.
Senior Managing Director
Johan Kampe is a Senior Managing Director and together with David Bateman co-head of the Harbert European Growth Capital Fund (HEGCF). Johan has more than 15 years of experience in technology lending and financing. Prior to joining HMC in January 2013, he and David co-founded Benefide, a firm focused on originating specialty debt transactions on a deal-by-deal basis, closing eight transactions over an 18 month period. From 2005-2011 Johan was with ETV Capital, one of the leading providers of European growth loans at the time, where he was responsible for originating investments and was an alternate company’s investment committee. Prior to joining ETV, Johan was with Silicon Valley Bank, and co-founded the European subsidiary of the bank, SVB Europe Advisors, funding technology and growth businesses and backing VC funds. Prior to that, Johan worked with a startup company and various financial institutions, including Prudential and American Express. Johan earned BA in Finance and International Business from San Jose State University (Cum Laude).
Senior Managing Director
David Bateman is a Senior Managing Director and together with Johan Kampe co-head of the Harbert European Growth Capital Fund (HEGCF). David has more than 10 years of experience in technology lending and financing. Prior to joining HMC in January 2013, he and Johan co-founded Benefide, a firm focused on originating specialty debt transactions on a deal-by-deal basis, closing eight transactions over an 18 month period. From 2002-2011 David was with ETV Capital, one of the leading providers of European growth loans at the time, where he was responsible for originating investments and served on the Board of the company. Prior to ETV David worked at Broadview International, where he spent 7 years originating and executing technology M&A and financing transactions. David earned a BA at Trinity College Dublin, a Diplomkaufmann from EAP-ESCP and a Masters in Finance at the London Business School.
Fahad is an Investment Associate at the London based Harbert European Growth Capital (HEGC) with over 7 years experience across management advisory, accounting and investment management. At HEGC, he focuses on identifying, evaluating and executing investments in high growth companies across the Technology and Life Sciences sectors. Before joining HEGC, Fahad worked at Deloitte London within the Investment Management and Private Equity team where he advised leading UK based funds investing across debt and equity strategies. Fahad is a Qualified Chartered Accountant (ICAEW) with a degree in Economics, Accounting and Finance from the Rotman School of Management, University of Toronto.
Before joining HMC in January 2014, Bryan was co-founder and Director at Aldermanbury Partners, a consultancy based in London that has advised growing firms and Government departments on strategic and investment decisions. Bryan previously worked for six years at Deloitte where he qualified as a Chartered Accountant (ICAEW) and focused on serving clients in the financial services industry. Bryan graduated with a degree in Economics and Business Law from the University of Strathclyde.
The Fund provides financing to later-stage European growth companies with strong management and proven revenue traction in substantial markets. Profitability is not a requirement.
Typical investment structure:
- Loan sizes between €1 – 20 million
- Secured loans
- 3-5 years, usually amortizing
- 12-14% coupon
- Equity participation
Harbert European Growth Capital Fund
Funambol is a leading white-label personal cloud solution for mobile operators, device manufacturers and other mobile providers. The company’s vision is to make it easy to automatically sync billions of mobile phones, tablets, computers and connected devices with the systems and online services people use everyday via the cloud. The company uniquely does this using software based on open source that provides the greatest device compatibility as well as flexibility and control. With more than 10 years of mobile cloud sync experience, Funambol solutions are used by many of the leading companies in the mobile industry, including carriers, device manufacturers, internet portals, communication service providers, software companies and telco system integrators.
eZ Systems is a European vendor of Web Experience Management software to small and medium-sized companies, in particular to publishing and financial services businesses. With a global presence in Europe, Asia and the Americas, they are the power platform driving more than 250,000 sites in over 170 countries.
Returbo is the leading online sales specialist for overstocks, B-stock and other special situation items. The company utilises its strong sourcing (B2B) network consisting of retailers, distributors and manufacturers and sells across a broad range of different online sales channels. Returbo is active in a wide variety of verticals ranging from consumer electronics and household products to sports and leisure.
Accuris Networks is a leading provider of Wi-Fi Offload and Wi-Fi Roaming solutions for data offload and also for voice and messaging. This allows Wi-Fi networks to become fully integrated extensions of GSM and CDMA networks. In addition Accuris Networks also provide solutions for CDMA to GSM roaming, dual-IMSI roaming and Over-The-Air device management. The business is located in United States, Ireland, Malaysia, Brazil and Japan, and is led by a team with unrivalled experience in service convergence and service continuity. The company’s AccuROAM, AccuProfile and AccuGuard solutions provide competitive, cost effective platforms that deliver carrier grade performance. Customers include AT&T, Airi, Mobily, Bell Mobility and Telenor.
Zenterio is one of the largest software developers for the set-top box market, and the business originates from the former Home Communication division of Nokia. Zenterio has developed a leading operating system for interactive TV which makes TV operators independent in their choices of hardware, middleware and back-end solutions. With the operators’ innovation capacity severely hampered by a fragmented software environment, Zenterio believes that the Company, with its hardware independent software offering, is well positioned to emerge as the “Microsoft Windows” of the Smart-TV ecosystem. Current customers and partners include Deutsche Telekom, Huawei and Ericsson.
NextPerformance is a French digital advertising and real time ad buying company that helps advertisers including major brands like Orange and Renault engage and convert online customers. The company has developed software algorithms and an advert platform which develops insights into consumer browsing history and purchasing habits based on accumulated proprietary user data and then prices and delivers personalized advertisement campaigns for its clients in real-time. This data-driven process is known in the industry as retargeting, and NextPerformance is now a well-established player in the European market with meaningful penetration in South America. Next Performance’s innovative offering includes dynamic personalized banners, local targeting and massive reach campaigns on multiple business models (CPA, CPC and CPM) across both traditional browsers and mobile devices.
iTAC is a German software company that is a leader in the development and implementation of production and quality management systems. The company’s proprietary software and architecture provides manufacturers with optimisation tools to track the accuracy of their production processes and is particularly important where companies are required to account for supplier parts tracking. iTAC is now a well-established and leading player in the automotive sector (recognised by Gartner as “best of breed” provider) with significant acceptance throughout the industry and some penetration in the Electronics, Medical Technology and Energy markets.
Worldstores, a leading UK online retailer, offers customers an unparalleled range of home and garden products (over 550,000 items) and fast delivery (80% of all customers orders delivered next day or day of choice) powered by the company’s proprietary supply-chain platform. Customers can expect great value with prices up to 50% lower than on the high street. Alongside the core Worldstores.co.uk brand, the company operates Casafina, a fast growing curated daily sales site offering exclusive furniture and homeware products, and Modern, which retails designer furniture direct from the makers at great value and next day delivery.
FabFab is a German e-commerce company specialising in online sales of a large variety of custom-measured fabrics and related accessories to over half a million consumers across Europe. The company has established itself as Europe’s leading online B2C supplier of fabrics and haberdashery with over 8,000 fabrics sold in 12 countries including Germany, United Kingdom, France and Italy.
1-2-3.tv is a multichannel auction house broadcasting 20 hours of content 365 days a year to 30 million television households in Germany and Austria and is available as a live stream for online audiences.
ip.access is the global market leader in small cell infrastructure for mobile networks with the experience of delivering solutions to over 100 major customers in more than 50 countries. The company’s products solve the problem for mobile operators and consumers with its picocell and femtocell infrastructure solutions which leverage existing technology such as residential broadband connections to increase the quality of in-building mobile calls, while also allowing additional features such as mobile music downloading and video streaming.
- June 17, 2014 - Harbert European Growth Capital – Specialty Debt Financing in Europe
- June 11, 2014 - Zenterio issues SEK 115 million in new shares and prepares for an IPO
- May 29, 2014 - TIM Launches Personal Cloud Service For 72M Brazilians, Powered by Funambol
- May 9, 2014 - Harbert European Growth Capital Fund announces its most recent close
- December 12, 2013 - Returbo Raises Growth Capital
- November 7, 2013 - Funambol Secures New Financing from Harbert European Growth Capital Fund to Accelerate Personal Cloud Global Expansion
- April 26, 2013 - PEI Private Debt Investor: HMC Eyes First Close This Month for Euro Growth Debt Fund
- January 24, 2013 - HMC Sponsoring a New European Growth Lending Team
HARBERT EUROPEAN GROWTH CAPITAL
+44 (207) 408 4156
+44 (207) 408 4146
Brookfield House, 5th Floor
44 Davies Street
London, UK W1K 5JA