Cowen exclusively advised Digital Reload Group (“Digital Reload“) on a comprehensive refinancing of its existing debt structure. The new financing structure enables a substantial reduction of overall funding costs and further increases operational flexibility through additional working capital financing. The transaction closed beginning of May 2022.
Digital Reload is a leading European developer and provider of innovative electronic transaction and distribution systems with a full-fledged product and service portfolio to support the needs of its clients.
Digital Reload was founded in Germany and was created through the combination of ICP, founded in 2000, and M&M, founded in 1993, under the strategic leadership of Operando Partners and Paarl Equity including investments from several entrepreneurial family offices. The company is active in 11 European countries with various subsidiaries and in 2021 processed an annual transaction volume of over 2 billion euros. It has developed into one of Europe’s leading providers of digital and prepaid payment solutions and systems. The service offering comprises of telecommunication, open- and closed-loop gift cards and innovative e-money solutions with the perfect mix of long-standing sector experience and continuous innovation. The customers and partners of Digital Reload include companies from the retail, mobile phone, consumer and lottery sectors, many of which are large and well-known corporations.
Operando Partners is an entrepreneurial industrial holding company that invests in medium-sized companies in German-speaking countries. As the right partner for companies that strive for continuous operational improvement, Operando Partners focuses on well-established companies with revenues of up to 150 million euros.
Investors are exclusively entrepreneurs or family offices that share Operando Partners’ passion for the sustainable and long-term development of portfolio companies to become hidden champions within their industries.
Paarl Equity, founded in 2005, is a private equity financing provider headquartered in Frankfurt am Main and is specialized in investments into the “Mittelstand” as well as mid-market companies in other German speaking countries. It has successfully supported numerous companies in their operational and financial development.