CCiT Group raises €35M in debut bond to fuel Danish IT acquisitions

What's the deal? CCiT Group, a portfolio company of Pride Capital Partners, has raised €35 million through its inaugural bond issuance. The Danish IT group plans to use the proceeds to fund acquisitions in Denmark's IT services market.

Why now? The bond issuance signals CCiT Group's ambition to accelerate its buy-and-build strategy in the Danish IT sector, tapping debt markets to finance a consolidation push.

The signal: The deal reflects a broader trend of private equity-backed companies turning to bond markets to fund roll-up strategies in fragmented IT services markets across Europe. As consolidation in Nordic IT continues, expect more mid-market players to use similar financing tools to scale quickly.

Read more: majunke.com