Dutch MSP Conclusion has completed refinancing of €410m to drive further growth and international expansion.
The terms of the financing are partly linked to the achievement of various sustainability objectives at the company, a so-called “sustainability linked loan”.
Engbert Verkoren, CEO at Conclusion, said: “The new financing offers us the necessary continuity and flexibility to fulfil our growth ambitions for the coming years. We see further growth opportunities in the Netherlands and our customers are also asking for services outside the Netherlands.”
The first step that Conclusion is taking is scaling up capacity. “Given the ongoing challenge of increased demand versus scarcity in the Dutch labour market, the first priority is to structurally scale up our near and offshore capacity,” he said.
“This will be done through expansion of the existing operation in South Africa and investments in Portugal. We then want to introduce our proven successful Dutch ecosystem model in other countries as well. We are starting with this in the German and Portuguese markets.”
Emiel van Boxtel, CFO at Conclusion, added: “As part of securing the refinancing, we consciously chose to link part of the interest for it to the achievement of sustainability targets. The exact KPIs will be determined in the coming months, in consultation with the providers.”
The financing has been committed by a consortium of banks and investment funds.
