Värde Partners announced that an affiliate of Värde has provided €45 million in mezzanine financing to Everphone, a Berlin-based B2B device rental provider offering companies a one-stop solution for workplace devices such as PCs, laptops, smartphones and tablets.

The financing, provided as part of Värde’s Asset-Based Finance (ABF) strategy, refinances Everphone’s existing mezzanine debt and funds a portfolio of rental contracts as the company expands on its innovative, environmentally sustainable Device-as-a-Service business model.

"We are delighted to provide a financing solution that supports Everphone’s continued growth ambitions,” said Missy Dolski, Global Head of Asset-Based Finance at Värde. “This transaction highlights the expanding opportunity that we see to deliver tailored capital solutions to businesses throughout Europe, where we’ve long been a trusted financing partner to scaling platforms.”

“With the backing of Värde, Everphone is doubling down on its vision to lead the circular economy for enterprise tech,” said Jan Dzulko, founder and CEO of Everphone. “This funding secures our trajectory as we scale to meet surging demand. We’re not just providing devices; we’re providing the secure, sustainable future of work, and we are ready to bring that value to even more enterprise clients around the world.”

Through Värde’s Asset-Based Finance strategy, Värde is a leading provider of credit and liquidity solutions across North America and Europe, focusing on middle-market lending across commercial and consumer asset classes as well as fund finance. The firm has over 30 years of experience investing in private credit markets, including providing bespoke financing solutions through contractual cash flow lending and forward flow financing. Värde has deployed $13 billion in this strategy since 2008.

Värde was advised by A&O Shearman.