Senior credit facility to PayPerWash

Carnegie acted as exclusive financial adviser to PayPerWash

The Danish specialist investment manager Capital Four has entered into a financing agreement with PayPerWash to fund and accelerate the company’s geographic expansion.

PayPerWash was established in 2018 and is the leading Nordic provider of full-service laundry installation and administration solutions, handling more than 100,000 monthly transactions across Europe. Focused primarily on the housing market, PayPerWash’s full-service solutions enable customers to obtain significant annual cost savings while also improving the convenience and experience of laundry users. Additionally, by installing state-of-the-art equipment, PayPerWash’s solutions provide the most environmentally friendly and energy efficient laundry solutions on the market.

The 600 DKKm credit facility agreement, of which 300 DKKm are provided directly by Capital Four, will support the company in accelerating its Nordic and international growth strategy.

“We at PayPerWash are very pleased to have partnered with Capital Four. Capital Four took time to understand our business and strategic plans, and we appreciate their diligence and their solution-oriented approach. This is the beginning of the next journey for the company, and we look forward to developing and growing the company across Europe with as strong and professional a partner as Capital Four”, says CEO and co-owner, Peter Veie.

PayPerWash has experienced strong growth through delivery of scalable and high-quality solutions. Together with a highly skilled and experienced team, we look forward to being part of the next journey and helping the company accelerate growth”, says Per Stoltze Kristensen, Director at Capital Four.

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