Wed 11/18/2020 11:36 AM
Relevant Documents:
Ergon Capital Press Release
Odice Press Release
Six banks have provided senior debt to support German fire protection company SVT Holding GmbH’s acquisition of French fire protection product manufacturer PFP Group, or Odice, according to sources.
Oldenburgische Landesbank, SEB, Unicredit, NIBC, Bank of Ireland and Investec provided the financing in a club deal, sources said.
Continue reading for the EMEA Middle Market team's update on SVT Holding GmbH's acquisition of PFP Group, and request a trial for our coverage of thousands of other stressed, distressed and restructuring situations.
SVT, which is a portfolio company of Ergon Capital, bought Odice in September for an undisclosed amount, according to the release. Sources told Reorg the process was competitive and the banks were keen to provide funding, given the good credit of the asset.
Alantra acted as advisor to Ergon Capital and SVT.
The combined group will employ more than 870 people and is expected to generate a turnover of about €200 million in over 60 countries, a press release from Ergon Capital said.
--Kerstin Kubanek
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