Ares, Carlyle, and Goldman Sachs Alternatives provide £1.2bn debt package to Vista- and BC-backed OneAdvanced
Ares Management, Carlyle, and Goldman Sachs Alternatives committed £1.2bn in debt financing to UK enterprise software provider OneAdvanced, marking a major deal in the European private credit market.
The financing package will fully refinance the company’s existing debt and provide capital to support its long-term strategic growth.
OneAdvanced is jointly backed by Vista Equity Partners and BC Partners.
Founded in 2008, OneAdvanced delivers mission-critical SaaS solutions in finance, procurement, people management, and governance. The company serves over 10,000 customers across sectors including healthcare, education, government, housing, and professional services. It employs 1,800 people globally.
Allan Nielsen, Partner at Ares, noted the company’s evolution into “a leading UK vertical-specific SaaS provider,” and praised its innovation and scalability. Taj Sidhu, Head of European and Asian Private Credit at Carlyle, added that OneAdvanced enjoys “a strong competitive position in a market benefitting from secular trends.”
Goldman Sachs Alternatives, which participated via its Hybrid Capital strategy, also highlighted OneAdvanced’s growth potential and leading position in the UK ERP software space.
The transaction is expected to close in Q3 2025, subject to standard regulatory and closing conditions.
This deal highlights continued momentum in private credit-led financing solutions for sponsor-backed software platforms, as investors seek scalable businesses in sectors with strong demand fundamentals.