H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital, announced on October 20, 2026 that it arranged a debt package to finance the acquisition of Be-Cloud by QualityHosting, a portfolio company of PSG Equity. The package also provides capital for the combined group’s growth and acquisitions. The amount and terms were not disclosed. Be-Cloud is a Paris-based Microsoft cloud solution provider founded in 2012. QualityHosting is a Microsoft cloud provider based in Gelnhausen, Germany, founded in 1998 and owned by PSG Equity since October 2025. The combination was announced on October 14, 2026. B & Capital, a minority investor in Be-Cloud since December 2021, said it sold its stake to PSG Equity, and the combined group reports €92 million in revenue and about 50,000 small and medium-sized business customers. Founders Lenny Vercruysse and Christian Heit continue to lead the group. Financial terms of the acquisition were not disclosed, and none of the sources reviewed states that the acquisition or the financing has closed.

Private Equity Magazine lists the Paris firm Winston Taylor as legal counsel on the sell side. B & Capital names Winston Taylor, Cabinet Bouchara and Omada among its transaction advisers without stating each firm’s role. Clipperton advised PSG Equity as financial adviser, and Oaklins and Eight Advisory acted for the sellers.