Oasis Group secures €30m facility

The information management firm, Oasis Group, has negotiated a €30m acquisition management facility with the investment bank, Goldman Sachs.

The company, which is headquartered in Ashbourne, County Meath, but has offices in the North and Britain will use the facility to pay down existing debt and fund future expansion.

Dennis Barnedt, director and CEO Oasis Group said: “We are delighted to have completed this transaction, which is an exciting development for our company. We have used this new debt facility to pay down previous loans to Irish banks and lenders and we are now prepared to start a new aggressive expansive growth plan through acquisitions utilising our new debt facilities in multiple regions.”

Oasis was advised by the Dublin-based law firm, LK Shields in the transaction.

Brian Connolly chief financial officer, Oasis Group, said: “This is an exciting time for Oasis. Having access to ‘expansion capital’ will enable us to acquire businesses within Europe and realise our strategic goals.”