Darwin PE's Esendex in £10m refinancing

The refinancing includes material acquisition facilities.

Darwin acquired Esendex in July last year in an £11m management buyout led by the company's newly appointed CEO Geoff Love, who was formerly COO. The deal marked Darwin's first investment of 2013.

Company
Founded in 2001 and headquartered in Nottingham, Esendex provides SMS services for businesses, including web SMS, email SMS, voice SMS and SMS API, allowing companies to send bulk or personalised text messages to their customers.

The company generated £10m in revenues last year and employs 60 staff. It has a customer base of 19,000 across the UK, Spain, France, Italy, Germany, Australia and the US. Clients include Ocado, Boots, Experian and Virgin Media.

People
Geoff Love is the CEO of Esendex. Darwin partner Nick Jordan and principal Paul Burton both sit on the company's board of directors.

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• Topics
• Restructuring
• UK / Ireland
• Technology
• Darwin Private Equity
• United Kingdom
• Refinancing