Obsequio Group secures senior financing solution from Kartesia

As a leading provider of mission-critical fire detection, safety, security and water hygiene solutions, we are pleased to announce we have secured a new senior finance package from Kartesia, a European specialist provider of financing solutions for small and mid-sized companies.

This strategic partnership is set to fuel our ambitious buy-and-build strategy, further solidifying our position as a leading provider of safety and compliance solutions within the UK.

The financing provided by Kartesia will support our strategic growth initiatives, enabling further expansion through targeted acquisitions of established compliance services and technology businesses. The Obsequio Group buy-and-build strategy focuses on broadening geographical coverage, enhancing service capabilities, and expanding market presence.

Obsequio Group currently serves over three thousand public and private sector customers operating across a wide range of sectors including education, industrials and student accommodation. Additionally, Obsequio Group has a growing technology offering through its Drax Technology division, offering a range of innovative monitoring and detection technologies.

This transaction is the 13th UK investment within Kartesia’s second-generation Senior Opportunities (“KSO II”) Fund, which held a successful final close of €1.8bn in June. The senior financing solution includes day one capital alongside additional committed facilities.

Following initial investment from Beechbrook Capital in 2021, Obsequio Group has successfully acquired and integrated eight companies including Complete Detection Systems, Genex, Drax360, APS, Brunel and Bryland, all of which provide services to organisations across the UK.

Simon Cashmore, Obsequio Group Chairman, commented: “From our very early discussions with Kartesia it was evident that there was strong alignment between our teams, complete buy-in to our strategy and a genuine interest and desire to build a detailed understanding of our business, all of which contributed to us selecting Kartesia as our preferred partner for the next stage of our journey. During the last 3 years we have successfully acquired and integrated a number of businesses into the group and we are delighted to be able to confidently progress our strategy with the financial support of Kartesia, and indeed our partnership with Beech Tree Private Equity’’

Daire Creighan, at Kartesia, commented: “We are excited to partner with Obsequio Group and Beech Tree Private Equity to support the next chapter of their impressive growth story. As one of the UK’s fastest-growing founder-led companies, Obsequio Group has significantly expanded its service offerings and geographical presence, demonstrating a commitment to constant innovation and service quality in the fire safety and adjacent compliance sectors. Their impressive M&A and integration strategy has established Obsequio Group as a market leader across the UK in fire safety and compliance, and we look forward to supporting their ongoing growth and success in partnership with Beech Tree Private Equity.”

Ben Cartwright, at Beech Tree Private Equity, commented: “We’re delighted to have secured this financing package with Kartesia. This deal will not only enable Obsequio to accelerate its organic growth plans, but will also provide significant additional firepower to pursue other high quality compliance services and complementary technology acquisition targets. We have a clear plan to build Obsequio into the leading technology-enabled compliance services provider in the UK and I firmly believe that Kartesia’s support over the coming years will help us to achieve this”

Paul Whitehouse, at Beechbrook Capital, added “It has been a pleasure to work with the Obsequio team over the last three years and support the early stages of their buy and build journey. We look forward to seeing where the next stage takes them and wish them all the best in their future partnership with Kartesia.”