Barings supports Bertram Capital's merger of Anord and Mardix
Barings has served as mandated lead arranger of a multi-currency financing package to support Bertram Capital's investment in a merger between UK-based Mardix (Holdings) Limited and Anord Control Systems of Dundalk, Ireland, an existing Bertram Capital portfolio company.
The combined businesses will form the Anord-Mardix Group, a global provider of mission-critical power distribution and infrastructure equipment for use in data centres, as well as other applications, including renewable energy, building services, infrastructure and others.
"Bertram Capital is pleased to collaborate with Barings on our investment in Mardix," says Kevin Yamashita, Partner at Bertram Capital. "Barings' US and European lending teams worked together to provide a seamless experience for all involved, and their ability to provide a multi-currency financing solution that met the capital needs of the Anord-Mardix Group enhanced their value as a partner to Bertram."
Supported by a global salesforce, Anord has manufacturing capabilities in Europe and the US, and Mardix has three manufacturing facilities in the UK.
"Barings appreciates the opportunity to support Bertram Capital on the investment in Mardix and subsequent consolidation with Anord," says Max McEwen, Managing Director for Barings Private Finance. "The Anord-Mardix Group unites two best-in-class companies with highly complementary product offerings, and the combined team will benefit from Bertram Capital's deep expertise in the sector as it pursues exciting opportunities created by consolidation and secular trends driving growth in demand for data centres globally."