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MCF acted as exclusive Debt Advisor to Summa Equity on the acquisition of FAST LTA GmbH

Summa Equity (“Summa”) is an impact investor focusing on three thematic areas: Resource Efficiency, Changing Demographics, and Tech-Enabled Transformation.

Investing from its EUR 2.3bn Article 9 Fund III, the acquisition of FAST LTA GmbH (“FAST LTA”) builds on Summa’s proven track record of shaping portfolio companies’ value creation strategy to drive long-term value and solve pressing global challenges.

In this transaction, MCF advised Summa successfully arranging and structuring the financing within a short time frame.

Image of data servers from Fast LTA

“MCF has been a trusted partner on the financing process, securing a flexible debt financing solution in a highly professional manner on a very tight timeline. Their valued support significantly contributed to successful completion of the transaction”.

Matthias Fink
Partner at Summa

The Deal

The thematic investment firm Summa has acquired a majority stake in FAST LTA with the ambition of building a new sustainable champion in secure and compliant data storage. Summa’s acquisition will allow FAST LTA to continue the strong historic growth trajectory while exploring adjacent and international growth opportunities. This will further strengthen the competitive edge of FAST LTA and position the company as a champion for highly secure and compliant data storage and archiving solutions.

The Target

Headquartered in Munich, Germany with around 100 employees, FAST LTA is a solution provider offering cutting edge high-security storage for archiving and backup & recovery of business critical and sensitive data. The protection of valuable data is a fundamental right that is increasingly under threat. With both software and hardware solutions to ensure protection against e.g., ransomware and other cybersecurity challenges, FAST LTA specializes in providing zero loss storage solutions.

About Summa

Founded in 2016, Summa is an impact investor focusing on three thematic areas: Resource Efficiency, Changing Demographics, and Tech-Enabled Transformation. The purpose of Summa is to invest in solving our global challenges. Summa has c. EUR 5 billion in assets under management and has made over 30 platform investments across the three funds raised to date. The investments have the potential for long-term sustainable outperformance because they address some of the social, environmental, and governmental challenges we need to solve as a society. The team is located in Northern Europe, with offices in Stockholm, Oslo, and Munich. Partnerships are part of Summa’s DNA, exemplified by being a certified B Corporation and collaborating with Harvard Business School and the International Foundation for Valuing Impacts (IFVI).

 

 

“MCF has been a trusted partner on the financing process, securing a flexible debt financing solution in a highly professional manner on a very tight timeline. Their valued support significantly contributed to successful completion of the transaction”.

Matthias Fink
Partner at Summa

MCF deal team

Partner – Debt Advisory
Analyst – Debt Advisory
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