Mirakl announces a €100m Revolving Credit Facility to Fuel Growth and Finance Future Acquisitions
Paris/Boston, August 1st, 2023, - Mirakl today announced the signing of a €100m Revolving Credit Facility (RCF). The facility has been granted by five leading global financial institutions.
The RCF supplements Mirakl’s existing strong cash position, built on the company’s controlled cash consumption following series D and E fundraisings. The funds will be used to finance Mirakl's growth, in particular by investing in its technology and completing acquisitions.
Following Mirakl’s latest Series E fundraising round of $555 million in 2021 - valuing the company at over $3.5 billion - Mirakl is now strengthening its capacity to invest in its growth. Mirakl has a strong track record of investment, both in acquisitions and organic growth, such as the acquisition of Target2Sell, the launch of its retail media business (Mirakl Ads) and its financial services business (Mirakl Payout) which had generated more than $135 million in annual recurring revenue (ARR).
Adrien Nussenbaum, co-Founder and co-CEO 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 CFO of Mirakl: “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."
This RCF was obtained from a pool of five lenders : BNP Paribas, HSBC, J.P. Morgan, Natixis and Société Générale who took part in setting up this syndicated loan and act as mandated arrangers and bookrunners.
Redbridge Debt & Treasury Advisory acted as financial advisor, Bredin Prat as legal advisor for Mirakl and Hogan Lovells acted as legal advisors to the pool of banks. BNP Paribas acted as lead arranger and documentation agent and Natixis as credit agent.
About Mirakl
Mirakl is a global SaaS company that enables businesses to revolutionize the way they sell online. Mirakl’s industry-leading suite of products accelerates profitable, sustainable eCommerce growth through solutions in marketplace, dropship, supplier sourcing ecosystem, supplier catalog management and pay-out, personalization, and retail media. More than 400 of the world’s most trusted brands across retail and B2B industries choose Mirakl’s award-winning technology, including Airbus, Decathlon, Galeries Lafayette, Kroger, Leroy Merlin, Macy’s, Maisons du Monde, MediaMarkt, Sonepar, Toyota Material Handling and Yves Rocher. For more information: www.mirakl.com.
Press contact
Hugo Weber | MIRAKL
External Communications & Public Affairs Director, EMEA
hugo.weber@mirakl.com - +33 6 33 53 50 19