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:

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