OneAdvanced, a leading provider of sector‑specific, AI‑powered software solutions, has secured a £1.2 billion private‑credit refinancing of its existing debt. The facility, underwritten by Ares Direct Lending funds, Carlyle, and Goldman Sachs Alternatives, underpins OneAdvanced’s strategic shift to a verticalised SaaS portfolio and its “Customer for Life” commitment.
The deal coincides with OneAdvanced’s rollout of the UK’s first sovereign AI service for business. Launched in April 2025, OneAdvanced AI embeds machine learning directly into core workflows—supported by investments in security‑by‑design, accessible interfaces (WCAG 2.2), multi‑purpose APIs, and robust governance via its newly introduced Trust Centre. In July, the company released 14 AI‑Agents to further extend these capabilities.
In its first quarter of the new financial year, OneAdvanced reported 12 percent annualised ARR growth. Over 340 organisations—including the Ministry of Justice, Greater Manchester Mental Health NHS Foundation Trust, the University of Greenwich, Haribo, and Trenitalia—have adopted, expanded, or modernised their systems with OneAdvanced during this period.
Since Simon Walsh became CEO in April 2023, OneAdvanced has reoriented its product strategy, sharpened market segmentation, enhanced operational foundations, and revitalised its culture. The company now derives over 88 percent of its revenues from subscriptions and was named Europe’s Best Employer 2025 by the Financial Times and Statista.
“This refinancing is a strong vote of confidence in OneAdvanced’s transformation journey, product roadmap and innovation, and future financial trajectory,” said Simon Walsh, CEO of OneAdvanced. “We are doubling down on AI‑led innovation and customer value creation across the critical sectors we serve, aligned to our mission – to power the world of work.”
Allan Nielsen, Partner at Ares, added: “We are pleased to collaborate with Carlyle and Goldman Sachs Alternatives to provide a highly bespoke and flexible financing solution at scale to support OneAdvanced in its next stage of strategic growth. Through its strong software capabilities and investment in innovation, OneAdvanced has evolved into a leading UK vertical‑specific SaaS provider. We look forward to being a part of this journey.”
Taj Sidhu, Head of European and Asian Private Credit at Carlyle, said: “We are delighted to support OneAdvanced’s future growth. As a leading provider of mission‑critical software solutions to a diverse and growing customer base, OneAdvanced enjoys a strong competitive position in a market benefitting from secular trends. We look forward to partnering with the OneAdvanced management team, alongside Ares and Goldman Sachs Alternatives.”
Moritz Jobke, Head of Hybrid Capital for EMEA at Goldman Sachs Alternatives, concluded: “We are excited to partner with OneAdvanced’s management team alongside Ares and Carlyle to boost the Company’s future growth. OneAdvanced is a market‑leading ERP software provider in the UK, with strong innovation capabilities and significant growth potential. Providing complex and bespoke financing solutions to industry leaders is core to our Hybrid Capital strategy, and we look forward to being part of OneAdvanced’s growth journey.”
Existing investors BC Partners and Vista Equity Partners also supported the transaction, reinforcing their commitment to OneAdvanced’s strategy and growth ambitions.
This refinancing, coupled with renewed investor support, positions OneAdvanced to accelerate its innovation roadmap and expand its vertical SaaS offerings.
For more information, visit www.oneadvanced.com.
