Industrial goods: Automotive supplier
Company overview:
- One of leading European players specializing in the industrial production of high quality components
- The company offers components for all types of automobiles, tractors and agricultural machines as well as boats or camper vans
Need description:
- The company needed capital to facilitate dynamic growth
Investment overview:
- Senior financing: Company already had banking debt in the amount of 3x EBITDA while CVI provided additional debt required to grow the business
- 5-year maturity
- Interest paid fully by cash
- Collateral includes 1st lien pledge on production assets
Details
Size: EUR 5 million
Date: 2016
Financing type: senior
Use of proceeds: Working capital