PLMJ advises Oxy Capital on Nonius MBO

PLMJ advised Oxy Capital on the provision of financial support to hospitality industry technology company Nonius as part of a €11 million management-buy-out (MBO).

 

The financing comprises a mezzanine investment from Oxy Capital, together with a new bank financing line, that gives Nonius the “financial strength to execute its ambitious and sustainable growth plan to become a global leader for digital guest services”, according to a Nonius statement.

Nonius is anticipating global sales of more than €7 million in 2015 – the company specialises in high speed internet access (HSIA), interactive TV utilising IPTV technology, digital signage, IP telephony, mobile applications development, and entertainment content.

Nonius provides services for more than 110,000 rooms across Europe, the Americas, Africa and the Middle East. Its clients include international hotel chains such as: Accor, Corinthia, Meliá, WyndhamTryp, Sheraton, IHG, Uniworld, Viking Cruises, Eurostars, Pestana, Transamérica, Estanplaza, Tivoli, Altis and Sana.

The PLMJ team advising Oxy Capital was led by private equity partner Duarte Schmidt Lino, and included associates Alexander Ehlert and Tomás Almeida Ribeiro.

 

PLMJ advises Oxy Capital on Nonius MBO

Ben Cook

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