Main Mezzanine Capital issues mezzanine loan to Fairbanks to finance a management buy-out and future acquisitions

Management of Fairbanks International Group BV (“Fairbanks”), Ruud Harmsen and Ben van der Vegt, successfully realized a management buy-out (“MBO”). Main has structured the deal and provided the mezzanine loan. Rabobank provided the senior debt.

Fairbanks, a specialist in providing (private) cloud solutions, services around 200 large customers (like Cendris, Université de Luxembourg and SMT). In the past few years Fairbanks has gained a strong position and expertise in the OpenStack domain. OpenStack is the most robust and powerful software platform for constructing and deploying a private cloud infrastructure.

Management has the ambition to realize international growth. With a strong focus on ‘software defined’ cloud solutions, in combination with the gained OpenStack expertise, Fairbanks is able to service international customers with a scalable model.

Ruud Harmsen (CEO Fairbanks): “The past few years Ben van der Vegt and I, together with our team, have worked on the knowledge and expertise on private clouds based on OpenStack. Due to this expertise and focus we have the opportunity to become an OEM partner of Veritas. This enables us to deliver unique private clouds, including back-up and disaster recovery solutions, to our customers. This OEM contract also enables us to service international customers. In order to support our international ambitions, we were looking for a financial partner. Main turned out to be the right partner and we are very proud of this result”.

Lars van ’t Hoenderdaal (Managing partner Main): “Fairbanks has shown that they are able to gain a strong position in the OpenStack domain. The result is that Fairbanks could welcome their first international customers. Main is confident that Fairbanks will continue the international growth, amongst others due to a strong partnership with Veritas. We also look forward to pro-actively support Fairbanks in their acquisition strategy”.

Main Mezzanine Capital is part of Main Capital Partners (www.main.nl), a private debt and equity company, focused on profitable and growing companies in the software and IT market in the Benelux and DACH region. Main Mezzanine Capital funding is backed by its own shareholders, but also wealthy individuals, family offices and (ex-) entrepreneurs.

Contact Fairbanks:
Ruud Harmsen
T: +31 (0)33 450 85 85
M: r.harmsen@fairbanks.nl

Contact Main:
Lars van ‘t Hoenderdaal
T: +31 (0)20 4274242
M: lars@main.nl