O&C and Jones Day on B2Group’s €24.5M financing
Ortego y Cameno Abogados has advised B2group, backed by private equity fund Queka Real Partners, on the structuring of a syndicated financing of up to €24.5 million. The financing, led by BBVA as sole bookrunner and joined by Deutsche Bank, Laboral Kutxa, Caja Rural del Sur and Alantra as lending institutions, will enable B2group to drive its growth strategy, support the execution of its build-up plan, carry out new acquisitions and continue investing in technological capabilities. Jones Day acted as legal advisor to BBVA, Deutsche Bank, Laboral Kutxa, Caja Rural del Sur and Alantra.
B2group is a technology services platform specialised in telecommunications, cloud and cybersecurity solutions for SMEs. In this transaction, Alantra, through its vehicle Alteralia III, has also entered the share capital of B2group as a minority and strategic shareholder of the technology group.
The transaction was led by O&C’s partner Luis Ortego Castañeda (pictured) together with Manuel Sánchez Huerta, director of the corporate and M&A practice, and Pablo González Ramos, associate in the same practice.
