Carlsquare served as the Debt Advisor to VM Capital (“VMC”), the family office of Mr. Dr. Vorndran, in structuring a tailor-made financing solution to support the ambitious growth plans of Thomas-Krenn.AG (“TK”), which is a portfolio company of VMC.
Thomas-Krenn.AG headquartered in Freyung, is a leading German manufacturer and provider of customized server & storage-systems. TK has developed from the simple idea of an online shop for customized server systems, which was run by a two-man operation in a garage in the early 2000s, into a leading European manufacturer and provider of customized server and storage-systems.
Today, the company caters to customers ranging from SMEs and large corporations to public institutions. Earlier this year, TK has entered into a Joint Venture with the purpose of establishing an operator of environmentally friendly data centers, which meets the high GDRP regulation requirements. More than 15 data centers are planned and will be equipped with server technology by TK.
With the capital raised, TK can now accelerate the manufacturing process for their customised server technology and ensure that the data centres are commissioned on schedule. In addition, the financing package strengthens TK’s position as a leading German server manufacturer and positions TK for further data centre projects across Europe.
“We thank Carlsquare for their professional guidance throughout the financing process and supporting us in achieving this important milestone in the history of Thomas-Krenn.AG and Yorizon. The secured funding allows us to unfold the immense growth potential of providing our server technology to green and sustainable data centers in Germany.” – Dr Helmut Vorndran, Managing Director, VM Capital
Carlsquare acted as exclusive debt advisor for VM Capital in this transaction.
