Romteck is a pioneer in the fire alarm monitoring and emergency lift communications products and services industries in Australia. Permaconn, a leading provider of mission-critical alarm security software and wireless signaling to the alarm security industry, along with Romteck's specialized capabilities in the fire monitoring space will combine to create a well-diversified business of scale with strong market positions in favourable but differentiated industries.

“We have been impressed by the growth of Permaconn since we initially committed credit facilities to Permaconn’s prior owners in 2021 and have continued to do so since Five V’s acquisition. We are delighted to expand our financial commitment.” said Justin Hooley, Managing Director in Barings’ Asia Pacific Private Finance Group, “Barings deeply values our partnership with Permaconn and Five V, and we look forward to the next stage of the success story of the business.”

About Barings
Barings is a US$406+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.

*Assets under management as of March 31, 2024

About Five V Capital
Five V Capital, a certified B Corporation is a leading, growth-focused private equity and venture capital firm in Australia and New Zealand. Five V’s unique investment approach is underpinned by a philosophy of alignment and is reflected in the Five V Capital team being the largest investors across its funds.

For more information, please visit https://www.fivevcapital.com/.

About Permaconn
Founded in 1999, Permaconn has grown to become the preferred choice for professionally monitored alarm connectivity, underpinned by a clear history of technology leadership and focus on customer solutions. Permaconn is the only Australian owned and managed mission-critical communications company with ISO 27001 certification within the alarm security space.

For more information, please visit https://permaconn.com/.

About Romteck
Romteck Grid Pty Ltd. is a specialist provider of Automatic Fire Alarm Monitoring as well as Emergency Lift Communications. Our equipment incorporates the very latest technology available and is continuously developed to ensure we lead the field in the rapidly evolving industries in which it is utilised.

For more information, please visit https://www.romteckgrid.com.au/.