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OneAdvanced has announced the successful completion of a £1.2bn private credit refinancing of existing debt. The package was backed by major lenders Ares Management Direct Lending funds, Carlyle, and Goldman Sachs Alternatives. Existing investors BC Partners and Vista Equity Partners provided support through the transaction, both reinforcing their commitment to the UK software and services business.
The new arrangement will support the company’s growth plans following its recent business transformation efforts. Since joining OneAdvanced in 2023, CEO Simon Walsh has led the strategic shift to verticalise its SaaS portfolio. This has seen the company move away from a product-led approach to a sector-focused approach that is better aligned to the requirements of key market segments.
The company has also refreshed its product strategy, taking a considered approach to the use of embedded AI in its software. This includes the launch of OneAdvanced AI–a secure, compliant and UK sovereign service that can enable access to a Large Language Model (LLM) operating in a private, closed, and fully encrypted environment. Earlier this month, it also launched OneAdvanced Agent Marketplace, which currently provides 14 AI agents aimed at streamlining processes and improving efficiency across vital business functions.
The strategy appears to be paying off. As we discussed in our recent UK SITS Supplier Rankings 2025 report, OneAdvanced achieved double-digit ARR growth in its last financial year, with subscription revenues now accounting for over 88% of total revenues. In May 2025, the company completed the first quarter of its new financial year, achieving 12% annualised ARR growth with incremental sales made to over 340 organisations.
The refinancing is a vote of confidence in the company’s direction of travel. It will support its growth aspirations, providing the surety to invest in further product development and the ability to pursue strategic and complementary acquisitions.
Posted by: Dale Peters at 09:50
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saas
strategy
software
refinancing