Stockholm/London, 20 December 2024. Today, CORDET Capital Partners (CORDET) announces that it has provided a financing solution to Maguar Capital for the acquisition of hsbcad.
Offsite construction is an increasingly important segment of the construction industry, valued for its ability to deliver higher quality, faster build times, and improved efficiency. Wood construction in particular stands out as a sustainable option, capturing carbon and reducing reliance on high-emission construction methods. hsbcad plays a critical role in this transition by providing software solutions that simplify and integrate the design to manufacture and assembly (DfMA), helping customers improve productivity, minimize waste, and adopt environmentally friendly practices.
With over 35 years of industry experience, hsbcad is a global software solution provider dedicated to reshaping today’s construction industry into a sustainable and innovative tomorrow. The company has consistently pushed the boundaries of technology to deliver the most efficient, flexible, and user-friendly software solutions tailored to the growing demand for offsite construction.
Headquartered in Ghent, Belgium, hsbcad has expanded its global footprint with offices in Germany, the Netherlands, the UK, the USA, Canada, Japan, Ecuador, and Australia. Supported by a team of over 80 employees, hsbcad’s extensive software platform empowers companies to streamline computer-aided design (CAD), offsite manufacturing, onsite assembly, and compliance with the rapidly evolving Building Information Modelling (BIM) standards. This positions hsbcad at the forefront of innovation, meeting the increasing global demand for prefabrication and modular construction.
CORDET acted as Mandated Lead Arranger in setting up the financing structure.
Since its launch in 2013, CORDET has maintained a clear focus on Northern Europe’s alternative credit market. CORDET provides bespoke financing solutions for lower mid-market companies in Northern Europe. Headquartered in London with offices in Stockholm and Luxembourg, CORDET acts as a supportive partner to the companies in which it invests, to ensure that they are optimally positioned to succeed. It makes a select number of investments each year, taking the time to thoroughly vet prospects and establish longstanding relationships with all stakeholders. CORDET has assembled an experienced team of finance, risk and investment specialists to collaborate with investors and company executives to nurture mutual growth. For more information see www.cordet.com.