Mirakl announces a €100m revolving credit facility to fuel growth
Mirakl has announced the signing of a €100 million revolving credit facility to accelerate growth.
The move follows Mirakl’s latest Series E fundraising round of $555 million in 2021, which valued the company at over $3.5 billion.
The new facility was obtained from a pool of five lenders including BNP Paribas, HSBC, J.P. Morgan, Natixis and Société Générale, who took part in setting up the syndicated loan and acted as mandated arrangers and bookrunners.
Mirakl’s SaaS solution helps companies build and manage their third-party marketplace and dropship businesses.
In a statement, the company said it will use the funds to invest in technology and future acquisitions. Mirakl has a strong track record of investment, which has included the purchase of Target2Sell and the launch of its retail media business, Mirakl Ads, and financial services offering, Mirakl Payout.
Adrien Nussenbaum, co-founder and co-chief executive of Mirakl, said: “This latest debt financing is an additional milestone demonstrating Mirakl’s financial strength and greater financial maturity. Through the RCF, we will be able to carry out M&A transactions that will further strengthen Mirakl’s technological progress and the success of our customers’ marketplaces.”
Eric Heurtaux, group chief financial officer of Mirakl, added: “We are proud to announce the signing of this RCF, which reflects the confidence of our banking partners in supporting our long-term growth strategy. This facility, with its flexible terms and competitive conditions, provides us with additional financial resources to meet our strong ambitions for growth and development.”
