r2p is a global provider of intelligent technology systems with a focus on proprietary hard- and software solutions for public transport. The Group offers communication, security, and monitoring applications and is known for its best in-class products, ability to provide bespoke solutions, and an integrated one-stop-shop offering. Catering to major transport operators, public authorities, OEMs, maintainers, and system integrators across its key regional markets Europe, APAC and North America, the Group is operating in a market environment that is underpinned by relevant megatrends that continue to drive market growth.
Experienced private equity investor HQ Equita has been supporting r2p since 2018. Under the HQ Equita ownership, r2p has continued its successful growth, even despite the COVID pandemic has caused passenger volumes to plummet, infrastructure projects to freeze and maintenance to be put on hold. In 2023, r2p has recorded a record-breaking order intake.
The secured amend to extend will support the Group in fulfilling their substantial order backlog and further grow the business. Capitalizing on their demonstrated ability to successfully win and implement new projects with customers across the globe, r2p’s management around co-founder Flemming Kaer is confident that the Group will deliver on its business plan.
“We are glad to continue our partnerships with the lenders who have accompanied us for years and are looking forward to enhancing our extensive track record through accomplishing further public transport projects. We are delighted Carlsquare has supported us over the course of the process. They leveraged their deep product expertise and secured an amend to extend within the agreed timeline” – Flemming Kaer, CEO and co-founder, r2p
Carlsquare acted as exclusive debt advisor for r2p in this transaction.
