Tailored credit solutions for B2B Software and Services companies
AshGrove focuses on delivering credit solutions that are specifically tailored to the needs of small and medium sized B2B software and services companies (minimum €5 million ARR). With initial investments typically ranging from €10 million to €50 million and an ability to invest further capital over time, AshGrove provides funding to support mid-market companies looking to execute on a wide range of transaction types. By being a thematic investor, with a deep understanding of business models within its dedicated sectors, AshGrove is able to utilise a broad toolkit to create bespoke funding solutions for founder-led and sponsor-backed companies. AshGrove’s primary focus is on European-headquartered businesses with flexibility to consider opportunities in other geographies.
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Mid-market focus
Providing mid-market companies with access to credit, based on the quality of their business model rather than business size
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Sector specialists
Differentiated approach enabled by deep understanding of B2B software and services drives deliverability
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Comfortable with complexity
Bespoke solutions to suit a range of capital needs, including organic growth, M&A roll-ups, carve-outs and license-maintenance to SaaS conversions
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Support for various shareholders
‘Value-led’ underwriting approach with ample structuring flexibility to align with strategic objectives
We’ve been keen to bring our unique technology-led proposition to as many users as we can, as quickly as we can. This raise has the right balance of lending and equity to enable us to do just that. We are delighted to have the support of such experienced investors to help us continue on our journey.
Portfolio Company, Founder & CEO
We are delighted to partner with AshGrove. The Growth Facility has been structured in a manner which allows us to access non-dilutive funding at this important point in our growth cycle as we start generating positive operating cash flow
Portfolio Company, Founder & CEO
AshGrove product offering
Senior / Unitranche
Bespoke unitranche facilities with embedded first lien and junior secured risk in one tranche
Senior Growth Capital
Growth debt as an accretive, non-dilutive alternative to growth equity
Senior Asset-Backed
Ability to lend against “hard assets” such as receivables in specialty finance companies or esoteric hard assets
Structured Credit
Solution with equity participation alongside AshGrove senior secured investment – acting as a “one-stop” shop