Positive, formerly Sarbacane, has completed a €106 million refinancing package to support a new phase of acquisitions. The company, which has rebranded from its original identity as an email marketing specialist, is using the financing to strengthen its buy-and-build strategy and accelerate external growth.
The refinancing gives Positive additional firepower to acquire companies and expand its footprint in the software and digital services market. The move reflects a broader consolidation trend among European tech firms, where profitable mid-sized players increasingly rely on debt financing to scale through acquisitions rather than only through organic growth.
No further operational details were provided in the source excerpt, but the size of the refinancing signals that Positive is preparing for a more aggressive expansion strategy.