Capital Solutions Closes Cross-Border Financing for Sponsored Platform
The Capital Solutions Group (“Capital Solutions”) announces the closing of a €33 million (~ $45 million) debt financing for a healthcare manufacturing platform (the “Company”) which has operations in Europe and the United States, and is majority-owned by a consortium of private equity sponsors. Capital Solutions acted as the exclusive financial advisor to the Company which repaid outstanding indebtedness, including subordinated debt held by one of the sponsors.
“We were very pleased with the success of this financing given the structural complexity stemming from the international nature of the Company’s operations and legal structure,” commented Brad Stewart, Partner, who led the engagement for Capital Solutions. “We advised the Company on structuring a cross-border / dual-currency credit facility available in both Euros and Dollars to approximate the cash flows of the operating subsidiaries. Yet even with this structural complexity, we were able to streamline the execution of the financing by utilizing a unitranche facility, which includes a revolver for future working capital purposes, all held by one lender.”
About The Capital Solutions Group: We provide creative financial advisory services to closely-held Companies, Private Equity firms, and Lenders in the Middle Market. Our services include: Debt Capital Raising, Recapitalizations, Financial Restructurings, and selected M&A assignments. Since our founding in 2009, we have advised on over $1.2 billion of debt issuance, financing restructuring, and strategic advisory assignments; these transactions have been executed primarily for private equity sponsored companies.
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