Welcome
We are excited to introduce ourselves to you and our unique way of working together. In order to provide you with the optimal experience, how would you describe yourself?

Case Study

HLD Group acquires S3K and raises growth capital

Founded in 2019 and based in Rome, Italy, S3K, Security of the Third Millennium S.p.A, is a leading provider of IT solutions with a focus on security and intelligence, critical infrastructure protection and cyber security.

Case Study

HLD Group acquires S3K and raises growth capital

Founded in 2019 and based in Rome, Italy, S3K, Security of the Third Millennium S.p.A, is a leading provider of IT solutions with a focus on security and intelligence, critical infrastructure protection and cyber security.

At a Glance

Financing an acquisition and providing committed capital

We were contacted by an Italian intermediary with a long calling relationship to fund HLD Group's leveraged buyout of S3K in late February 2021. HLD Group preferred an insisutional investor who could support the acquisition at close and provide committed capital for the M&A strategy.

Relationship since 2021
Transaction details:
  • Senior Secured Notes
  • Delyaed Draw Term Loan
  • Sponsored by Group HLD
Meet the Team
“We chose to partner with Pricoa in light of its long term approach, the ability to sustain Company’s growth over the time, having found a fruitful dialogue and common approach to the investment. We also valued the ability to provide precise feedback and execute within a tight deadline.”
Alessandro Papetti Partner, Group HLD

The Full Story

Facilitating a Leveraged Buyout

We were engaged early on in HLD Group’s purchase process. Although the alternative approach was to finance the deal with S3K’s relationship banks, HLD Group preferred an institutional investor who could support the acquisition at close and provide committed capital for the M&A strategy. HLD Group’s decision to partner with us was a result of our speed of execution, certainty of closing, and ability to provide committed capital.  

In July 2021, we closed on a €26.0 million senior secured term loan and a €36.0 million delayed draw term loan. Proceeds were used to fund HLD Group’s leveraged buyout of S3K and the delayed draw term loan will finance future acquisitions and capital expenditures.

We are a proud partner of S3K and HLD Group and look forward to supporting their ongoing business objectives and growth. 

person working at a computer

Additional case studies

Client company logo
Business Recapitalisation
Relationship Since 2024
See the full story
Client company logo
Interparking sets up $225 million Revolving Shelf Facility with draw of Notes
Relationship Since 2023
See the full story
Client company logo
Refinancing existing debt and supporting the acquisition of DAZ laundry detergent
Relationship Since 2024
See the full story

Meet our team

See all people
Right arrow
Francesco Ascoli headshot
Francesco Ascoli
Senior Vice President
+39.02.50042 104
Email
Italy

Perspectives

More than meets the eye: A closer look at the most commonly used type of capital.
The Pricoa Private Capital Guide to Senior Debt.
Learn More
You might also like