HIG WhiteHorse supports refinancing of Steelite
HIG WhiteHorse has arranged and provided a GBP29m unitranche debt financing for Steelite International, a provider of tableware for the international hospitality industry.
HIG WhiteHorse has implemented a flexible debt financing to allow Steelite to build on its current market position and support management in taking full ownership of the company.
Kevin Oakes, chief executive at Steelite, says: “HIG WhiteHorse has demonstrated a good understanding of our business during this process. We are looking forward to continuing this partnership as we take our next strategic steps.”
Haseeb Aziz, managing director at HIG WhiteHorse, says: “Steelite is a successful UK manufacturing business run by an experienced management team. We are pleased to provide a flexible financing solution to support the company in the next stage of its growth and support management to take full ownership of their company. Steelite is the third financing transaction we have completed in the UK in the last 12 months.”
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