European Growth Capital

Overview

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.

Investment Team

Johan Kampe
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).

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David Bateman
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.

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Jerome Fonteneau
Director of Operations and Finance

Jerome is Director of Operations and Finance at Harbert European Growth Capital Fund (HEGCF) where he is responsible for the fund’s portfolio activities and supporting French market coverage. He has over 20 years’ experience in corporate finance, private equity and fund operations. Before joining HEGCF, Jerome worked for ETV Capital, one of Europe’s leading technology venture debt funders where he advised on investee company work-outs and debt servicing. He previously worked for two private equity funds firstly as an associate director responsible for investments in the med tech sector and latterly as CFO for a new debt fund helping to raise €100m from institutional investors. Prior to joining the two private equity funds, Jerome was also the principal on a MBO and a start-up which were successfully exited and finance director for Diageo PLC’s French JV’s with LVMH. Jerome has a BSc degree from the University of Manchester and is an ACA having qualified with PwC.

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Fahad Khan
Vice President

Fahad has intensive professional experience across management advisory, accounting and investment management. At HEGCF, he focuses on sourcing, evaluating and executing investments in high growth companies across the Technology and Life Sciences sectors. Before joining HEGCF, Fahad worked at the London offices of Deloitte within the Investment Management and Private Equity team where he advised leading UK based funds investing across debt and equity strategies.

In addition to the professional experiences above, Fahad has worked closely with entrepreneurs and has been an active advisor to the start-up community through his involvement in a number of accelerator programmes.

Fahad is a Qualified Chartered Accountant (ICAEW) with a degree in Economics, Accounting and Finance from the Rotman School of Management, University of Toronto.

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Bryan McLoughlin
Vice President

Before joining HMC as an Investment Associate in January 2014, Mr. McLoughlin was a 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. Mr. McLoughlin previously worked for six years at Deloitte where he qualified as a Chartered Accountant (ICAEW) and focused on advising financial services clients. He graduated with a degree in Economics and Business Law from the University of Strathclyde.

LinkedIn

Lyall Davenport
Associate

Lyall joined the Harbert European Growth Capital Fund (HEGCF) in March 2015. He assists the team across all aspects of the investment process and research related to the marketing of the fund. Prior to joining HEGCF, Lyall was the Director of Marketing at a start up in the United States, providing SME’s with marketing and analytics tools. He holds a Bachelor’s Degree from the University of California, Berkeley where he studied International Business and Development.

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Mark Crowley
Investment Analyst

Mark joined the Harbert European Growth Capital Fund (HEGCF) in May 2016. He assists the team on sourcing, evaluating and executing investments in high growth companies across the Technology and Life Sciences sectors. Prior to joining HEGCF, Mark worked at PwC for four years in their Strategy Consulting department, working across a range of industries. He holds a Bachelor’s Degree from the Trinity College, Dublin, where he studied Business and Economics.

LinkedIn

Antony Baker
Portfolio Analyst

Antony joined the Harbert European Growth Capital Fund (HEGCF) in June 2017. He is focused on providing in-depth insight to influence portfolio performance. Prior to joining HEGCF Antony worked at PwC in its Valuations business, having previously been part of its Insurance & Investment Management practice. He is a Chartered Accountant (ICAEW) and holds a Bachelor’s Degree from the University of Manchester, where he studied Geography.

LinkedIn
Investment Criteria

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
Portfolio

Harbert European Growth Active Companies

ACCURIS
Accuris Networks is a leading provider of Wi-Fi Offload and Wi-Fi Roaming solutions for data offload and also for voice and messaging.
www.accuris-networks.com
ADENTS
Adents, has designed a robust, versatile and quickly deployable unit identification and traceability software suite to enable customers to globally track & trace an unlimited number of products, anytime, anywhere and take full advantage of their serialization data to unleash new, innovative capabilities. Seamlessly, securely, durably.
www.adents.com
B2X
B2X is a technology providing customer care services for smartphones and IoT devices to manufacturers, insurance providers, carriers and retailers.
www.b2x.com
CLOUDSENSE
Cloudsense provides quote-to-cash software, deployed natively on Salesforce, helping clients manage their entire sales cycle to achieve greater efficiency and consistency in customer pricing.
www.cloudsense.com
DEEPCRAWL
DeepCrawl is a software company which crawls web pages to systematically index content for marketing optimization.
www.deepcrawl.com
DIAXONHIT
Diaxonhit is an established, publicly-traded distributor of specialty diagnostic tests to hospitals and laboratories.
www.exonhit.com
EVENTPAD
TEP Events International is a UK based provider of software driven interactive event/conference delivery technology. The company has a global reach across UK, Europe and US, and has successfully work with over 200 global brands.
www.eventpad.com
EXO PLATFORM
eXo is an open-source social platform, available as an out-of-the-box solution, helping small and larger organisations manage enterprise collaboration needs.
www.exoplatform.com
FUNAMBOL
Funambol is a leading white-label personal cloud solution for mobile operators, device manufacturers and other mobile providers.
www.funambol.com
Hype
Hype is a provider of social enterprise software enabling idea and innovation management with more than 161 installations worldwide.
www.hypeinnovation.com
INTERSEC
Intersec provides infrastructure support and big data solutions for global, leading mobile phones companies.
www.intersec.com
IPACCESS
ip.access provides end-to-end small cell network solutions for telco carriers.
www.ipaccess.com
LINKFLUENCE
Linkfluence is a software based platform that provides social media intelligence by capturing and analysing unstructured discussions on social media.
www.linkfluence.com
LOOPME
LoopMe is the world’s largest mobile video platform, reaching over 2 billion devices worldwide via integration with programmatic ad exchanges and direct publishers.
www.loopme.com
MASTERED
Mastered is a career accelerator for creative professionals.
www.mastered.com
MOJIX
Mojix is a leading connected business solutions company that provides wide-area RFID solutions, IoT software platforms and cloud and mobile development services for IoT and big data applications.
www.mojix.com
MOVINGA
Movinga is an online relocation service provider company.
www.movinga.de
MULTITACTION
MultiTaction are specialists in advanced visualization, they build innovative unique display hardware and software that delivers unparalleled responsiveness and scalability.
www.multitaction.com
NORSK TITANIUM
Norsk Titanium is a pioneering 3D technology supplier of aerospace-grade, additive manufactured, structural titanium components with use cases across aerospace, defense and commercial applications.
www.norsktitanium.com
ONCIMMUNE
Oncimmune is advancing the early detection of solid tumour cancers through its proprietary autoantibody assay technology.
www.earlycdt-lung.co.uk
OUTPLAY
Outplay is a founding lead developer and producer of free-to-play mobile games.
www.outplay.com
PACKLINK
Packlink is one of the leading European price comparison and booking companies for shipping.
www.packlink.es
PPRO GROUP
The PPRO Group delivers end-to-end financial solutions enabling international electronic payment processes. The company’s mission is to become a global market leader in the e-payment space.
www.ppro.com
QUILL
Quill specialized in helping businesses efficiently use online content at the penultimate point of the purchase journey, to take consumers from browsing to basket – and beyond.
www.quillcontent.com
STUDITEMPS
STUDITEMPS specialize in placing qualified students as temp workers, when necessary even on very short notice. Thereby they recruit from their database, which includes 300,000 registered students in Germany.
www.studitemps.de
TANGO TELECOM
Tango Telecom is a leading provider of scalable policy control, real-time charging and next generation messaging solutions for mobile operators.
www.tangotelecom.com
TREASURY INTELLIGENCE SOLUTIONS
Treasury Intelligence Solutions is a cloud-based SaaS platform that allows its users to manage corporate payments, liquidity, and bank relationships.
www.tis.biz
TYNTEC
Tyntec is the leader of telecom-web convergence—the immediacy and convenience of mobile telecom together with the power of the Internet.
www.tyntec.com
ZENTERIO
Zenterio is one of the largest operating system developers for the TV set-top box market, and the business originates from the former Home Communication division of Nokia
www.zenterio.com
SFC ENERGY GROUP
The SFC Energy Group is a German group which provides portable and off-grid power solutions across oil & gas, consumer, security and defence industries.
www.sfc.com
PROMOFARMA.COM
PromoFarma.com is an online health & wellness marketplace with 30,000 products sold directly from local pharmacies.
www.promofarma.com
LONGBOAT
Longboat's clinical trial platform delivers higher levels of study quality & operational efficiency by engaging and empowering both sites and patients.
www.longboat.com
HILIGHT SEMICONDUCTOR LIMITED
HiLight design and supply analogue and mixed-signal CMOS ICs for high speed fiber-optics based communications and networking applications.
www.hilight-semi.com

Harbert European Growth Exited Investments

123 TV
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.
www.1-2-3.tv
4Energy
4Energy is a provider of equipment cooling hardware and software solutions that help data centre managers, IT and facilities management improve their infrastructure understanding and management.
www.4energy.co.uk
AAVA MOBILE
Aava designs and produces ruggedized mobile devices for enterprise customers.
www.aavamobile.com
ACROLINX
Acrolinx’s natural language platform enables businesses worldwide create content that’s more findable, readable and enjoyable to audiences.
www.acrolinx.com
BRITEBILL
Britebill is a software provider of customer billing solutions to global telcos with use cases across utilities and billing aggregator industries.
www.britebill.com
CLAVISTER
Clavister is a network security vendor delivering network security solutions for fixed, mobile and virtual network environments.
www.clavister.com
EZ SYSTEMS
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.
www.ez.no
FABFAB
FabFab is an 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.
www.fabfab.net
ITAC
iTAC is an enterprise software company that is a leader in the development and implementation of production and quality management systems.
www.itacsoftware.com
MYOPTIQUE
MyOptique is one of Europe’s largest online retailers of eyewear and contact lenses.
www.myoptique.com
NEXT PERFORMANCE
NextPerformance is an online retargeting and real time advertisement buying company that helps advertisers engage and convert online customers.
www.nextperformance.com
NOMAD
Nomad Digital provides end-to-end applications spanning on-train connectivity, passenger information and infotainment systems, and condition-based monitoring solutions for a number of leading rail companies worldwide.
www.nomad-digital.com
OUTFITTERY
Outfittery is Europe’s leading online men’s personal styling platform. The company uses technology and stylists to offer a curated online shopping experience, and sells brand name designer clothing.
www.outfittery.com
PLENUM MEDIA
Plenum Media is a group of companies which provide online advertising services, and a platform for website creation and management to SMEs with a focus on Spain and Latin America.
www.plenummedia.com
RETURBO
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.
www.returbo.de
SAFEGUARD
SafeGuard World International provides Global Managed Payroll and Global Employment Outsourcing solutions to companies of all sizes in mature and emerging international markets.
www.safeguardworld.com
TRICENTIS
Tricentis provides leading enterprise software testing solutions for Global 2000 companies. The company’s testing solutions empower enterprises to accelerate business innovation via agile development methodologies.
www.tricentis.com
TRUSTYOU
Trustyou is the world’s largest guest feedback platform which analyzes hundreds of millions of travel reviews scattered across a vast, fragmented market and transforms this content into actionable insights and data visualizations for 500,000 hotels. This enables travel sites to improve the trip planning process and hotels to offer the best experience to their guests.
www.trustyou.com
UNRULY
Unruly is a UK based video ad-tech company whose proprietary technology helps deliver social video advertising campaigns for a number of global brands.
www.unruly.co
VERTO ANALYTICS
Verto Analytics provides single-source, cross-device audience measurement solution to quantify the complex behavior of the digital consumer.
www.vertoanalytics.com
WORLDSTORES
Worldstores, a leading UK online retailer, offers customers an unparalleled range of home and garden products with fast delivery powered by the company’s proprietary supply-chain platform.
www.worldstores.co.uk
News
Contact
HARBERT EUROPEAN GROWTH CAPITAL

Brookfield House, 5th Floor
44 Davies Street
London, UK W1K 5JA

Contact:

David Bateman
+44 207 408 4156

Johan Kampe
+44 207 408 4146