Dstny, a leading European business communications provider, announces that it has refinanced its existing debt while raising an equivalent amount for
further expansion.
Paris-based private equity firm Seven2 (formerly Apax Partners), which stepped in at the end of 2019 is reaffirming its confidence in the company. The financing is provided by two leading private credit funds which gives strong financial resources to further expand the business.
The Dstny Group has built a strong technology framework and unique technical development capacity over the past few years, which transitioned the company from a "Telco" company to a broader technology developer and provider. Dstny's ambition in the coming years is to anchor this technology at the European level and further strengthen its pan-European presence.
Daan De Wever, co-founder and CEO of Dstny Group: "We are extremely proud as an ambitious and innovative company, that given the current market conditions and interest charges, we have once again gained the trust of our existing debt providers. That we were also able to raise additional financings on top of our existing debt refinancing, gives us a strong boost for new acquisitions. We are enormously looking forward to delivering on our continued international growth with the entire Seven2 team and further strengthening our leading position as a European provider of cloud-based business communications solutions."
