International private credit firm NorthWall Capital has closed a €120m second lien facility to Technopolis, a Finnish company providing office spaces and related services owned by private equity firm Kildare Partners.
NorthWall acted as lead arranger and retains the majority of the facility. The investment supports NorthWall’s commitment to expanding its presence in the real estate market and in the Nordics.
The Technopolis investment is part of a larger refinancing effort totaling over €720m, which consists of several loan facilities led by Citibank and NorthWall, together with a number of global investment banks.
Technopolis owns and operates over a dozen office campuses in Europe, hosting over one thousand companies. Earlier this year, Technopolis announced the sale of its two campuses in the Baltics, shifting its strategic focus to key Nordic markets, where it sees the greatest potential for value creation and growth.
