Deal announcement

goetzpartners advised NFON AG

11. February 2022

goetzpartners advised NFON AG on the refinancing of its liabilities to support future growth and corporate development

goetzpartners successfully advised NFON AG (“NFON”), a publicly listed provider of voice-centric cloud-based business communications, on the refinancing of its liabilities and the set-up of a financing to drive future growth and corporate development including a facility for working capital and general corporate purposes.

goetzpartners provided key support in all phases of the financing process. After selecting potential financing providers from our powerful and unrivalled financier network, we organized a competitive financing process. goetzpartners educated potential financiers regarding the strong growth momentum of NFON characterized by double digit revenue growth of which the majority is recurring while showing a negative EBITDA profile. goetzpartners negotiated highly attractive terms and conditions as well as a tailormade covenant concept that considers the financial profile of NFON and provides enough headroom to successfully grow the business activities over the next years. During the credit documentation phase, goetzpartners provided key advice to achieve best market terms and ensure a smooth implementation of the new financing.

goetzpartners acted as exclusive Debt Advisor to NFON AG (NFN:DE). This transaction underpins goetzpartners' debt advisory expertise and strong execution capabilities as advisor of choice across Europe and within the software and technology space.

NFON AG, headquartered in Munich, was founded in 2007 and is a European provider of voice-centric business communications from the cloud. Counting more than 40,000 companies in 15 European countries among its customers with more than 2,700 partners across Europe. With Cloudya, NFON offers an easy-to-use, independent, and reliable solution for advanced cloud business communications. Additional premium and sector-specific solutions round out the cloud communication portfolio.

Transaction Team

Philipp Widmaier
Managing Director

Maximilian Zeiler
Associate Director