LevFinTMTSIGNED
H.I.G. WhiteHorse provides financing to Be-Cloud and QualityHosting
Acquirer
H.I.G. WhiteHorse
Target
Be-Cloud and QualityHosting
H.I.G. WhiteHorse, the credit arm of H.I.G. Capital, announced that it is providing financing to the companies Be-Cloud and QualityHosting.
✦ Meridian Analysis
H.I.G. WhiteHorse, the credit arm of H.I.G. Capital, has arranged a debt package to finance the acquisition of Be-Cloud by QualityHosting. QualityHosting is a portfolio company of PSG Equity. The transaction includes additional capital to support the future growth and M&A strategy of the combined entity. Be-Cloud, founded in 2012 and based in France, operates as a Microsoft Cloud Solution Provider and Value-Added Distributor, offering cloud, AI, and cybersecurity solutions to small and medium-sized enterprises. QualityHosting, based in Germany, is a Microsoft cloud partner providing cloud infrastructure, Microsoft 365, cybersecurity, and managed services.
Financial terms of the transaction, the specific size of the debt package, and the identities of any legal or financial advisers were not disclosed.
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