Clarendons advises Kirwood Capital on Harmoney capital raise

Clarendon Lawyers is delighted to have advised Australian private equity firm Kirwood Capital on its investment in a Series C funding round for Harmoney.

Harmoney is a leading digital platform lender in Australasia, which was founded in New Zealand in 2014. The Series C funding round raised AUD 22.9 million (NZD 25 million) and also involved capital from a private institutional based in New Zealand.

Along with the Series C funding round, Harmoney is implementing an AUD 20 million (NZD 21.9 million) corporate debt facility with an Australian investment fund to bring the raising to AUD 42.9 million (NZD 47 million) in total. The corporate debt facility will be used to expand Harmoney’s customer base and debt warehousing programme.

Kirwood Capital is a strategic investor that backs management teams on accelerated growth journeys, with a focus on long-term alignment and sustainable growth. Kirwood Capital is industry-agnostic but focuses on opportunities across financial services, healthcare, education and consumer.

The Clarendons team was led by Director, Robert Feiner, who was assisted by Associate Dean Beaumont.

Kirwood Capital was advised on the New Zealand aspects of the transaction by Greg Horton, Special Counsel, and Emma Barnett, Senior Associate, at Harmos Horton Lusk.

Rob congratulated Kirwood Capital on its investment in Harmoney: “This funding round provides an exciting opportunity for Kirwood Capital to expand its portfolio and partner with a leading digital platform lender in the Australasian financial services sector. Kirwood provides its partners with an outstanding opportunity to accelerate their growth. We look forward to seeing the Harmoney business continue to grow and succeed following the capital round.”

Harmoney was advised by DLA Piper and Grant Samuel.