Claranet is one of the leading independent IT service providers in Europe, offering a range of integrated hosting, network and communications managed services to small- and medium-sized enterprises. It provides mission-critical IT outsourcing services with a contracted revenue base and has a diversified customer and geographic footprint, serving over 6,500 customers in eight countries across Europe and Latin America.
We provided senior debt financing to Claranet in May 2017 on behalf of our clients. Claranet operates in an attractive, growing niche and has a strong track record of acquisitions. Our investment enables the company to refinance its capital structure and undertake further strategic add-on acquisitions.
SAI Global is a leading global provider of risk management products and services to help organizations manage risk and uncertainty. These include training on and certification and auditing against local and international standards; providing specialist information on standards and technical information; and supplying software and services for the managing and monitoring of risk and compliance. The company is headquartered in Sydney, Australia, and employs more than 2,000 people in 29 countries across Australia, Europe, North America and Asia.
Affordable Care is the largest denture- and implant-services provider in the US, supporting a network of more than 200 affiliated practices in 39 states under the retail names Affordable Dentures and Affordable Dentures & Implants. The company's unique, highly-focused business model enables dentists to provide high-quality, low-price dental prostheses and same-day service to over 400,000 patients annually.
We invested in Affordable Care on behalf of our clients to support its acquisition in October 2015. The transaction offered strong relative value as Affordable Care has demonstrated strong and consistent growth, is the market leader in its space, and provides a differentiated service to an underserved population.
Caffè Nero, the European coffee house chain, has more than 600 stores across five countries and employs over 4'000 staff across hundreds of towns and cities. Since the company was founded by Dr. Gerry Ford in 1997, it has shown impressive performance, recording year-on-year growth in every year since inception.
We acted as Mandated Lead Arranger and invested in the mezzanine debt refinancing of Caffè Nero in January 2014 on behalf of our clients. The credit quality was reinforced by Caffè Nero's strong brand, robust cash flow generation and track record of achieving sustained growth even during the downturn. We are currently supporting Dr. Gerry Ford and his team as they continue to successfully grow their business.
Alltub is the global leader in the production of collapsible aluminum tubes, typically used to produce "squeezable" packaging for semi-liquid products. Alltub currently manufactures around 1.4 billion aluminum tubes annually, as well as cartridges and aerosol cans, for a blue chip customer base in the cosmetics, pharmaceuticals, industrial and food sectors.
We provided unitranche financing to Alltub in June 2015 on behalf of our clients. Our investment supports a broader refinancing of the company's capital structure and provides acquisition financing to support its expansion plans. The firm is considering further expansion into its current markets as well as into new territories such as Asia or South America.