EyeTi renews and extends financing

In October 2024, EyeTi signed a renewed and extended financing agreement. With this financing, EyeTi has created strength for further growth, both organically and through acquisitions.

About EyeTi

EyeTi is a group of IT companies of 5 companies operating under 8 labels. The 8 labels form the five pillars of EyeTi, respectively:       

(i) IT workstations and IT infrastructure, (ii) POS, ID and industrial components, (iii) warranty and repairs, (iv) corporate Apple solutions, (v) IT brokerage. With these pillars, EyeTi has achieved success in recent years and expects to grow additionally in the coming years.

The annual growth target is both organic (approx. 10%) and based on acquisitions (approx. 10%). For the coming years, the company has a clear ambition: further growth not least with additional acquisitions. EyeTi recently received the “Best Managed Company” designation in the annual elections organized by Deloitte.  This means that the acquisitions made are also successful in the long term. This includes a focus on people and integration within the existing group.

Acquisitions EyeTi

Recently, EyeTi strengthened its position and proposition with the acquisition of IT-Recycling. With the addition of this company to the portfolio, EyeTi can additionally focus on circular entrepreneurship. Recycling old hardware (693 tons) saves 3,465 tons of CO2 emissions annually compared to replacing this material with newly produced hardware. As a result, IT Recyling’s business fits perfectly with EyeTi’s goal of full circularity.

In the short term, additional acquisitions will be made that fit within EyeTi’s portfolio and further strengthen the group.

Renewed and extended financing

Due to the substantial growth of EyeTi in recent years, EyeTi’s financing arrangement has been looked at and extended several times. However, from both bank and EyeTi, there was a desire to work toward both a model and arrangement that would be more future-proof without repeatedly going through the process of additional “approval.” By mutual agreement between the parties, Orchard Finance was asked to support in the process of arriving at a suitable final picture. The project is not yet completed, however, in the meantime a financing arrangement has been set up, providing flexibility in “doing business” for EyeTi.

Tom Coehorst (CEO, owner EyteTi): “Orchard Finance has helped us satisfactorily with the process of financing/questioning towards the bank and the integral comparison of the different possibilities, where especially the substantive expertise on financing structures, agreements, and covenants were of added value, also in the discussion with the bank.”

Collaboration with Orchard Finance

Orchard has supported EyeTi with building a financial model and assisted in refinancing as a financing advisor. Orchard has fulfilled this role since this year and we are very happy with that!

Rogier Huijbregts (CFO EyeTi) explains: “The cooperation with Orchard Finance has been extremely pleasant. Thanks to their in-depth knowledge of financing structures and their proactive approach, we were able to achieve a flexible and predictable financing arrangement. Orchard not only helped us build a detailed financial model, but also provided valuable advice during discussions with the bank. This cooperation has enabled us to strengthen our growth ambitions and lay a solid foundation for further expansion. We look forward to continuing our cooperation and achieving new successes together.”

Get in touch

Can we assist you in renewing and/or extending your financing? Contact one of our experts; we’re happy to help!

Eelco van de Lustgraaf

Partner Corporate Finance & Debt Advisory