Metric Capital Partners (MCP) has completed its new financing facility for Leobersdorfer Maschinenfabrik (LMF), an Austrian headquartered provider of compressor systems.
Headquartered in Leobersdorf, Austria, LMF provides high-pressure piston compressor systems and has leading global positions in niche industrial applications in the oil and gas value chain.
The company is a technological and innovation leader and enjoys strong customer relationships with a well-diversified global customer base, which it has served for more than 60 years.
LMF’s products have a long track record of deployment in extreme conditions such as the production of oil and gas under extreme heat and ship mounted systems that are used for the seismic exploration of offshore natural reserves.
David Scheurl, principal of MCP and responsible for MCP’s transactions in DACH countries, says: “MCP’s investment in LMF will support further international growth to reinforce the company’s positioning as a global provider of premium compressor systems. We are very pleased to partner with LMF and EQUITA, the company’s majority shareholders, who have been active contributors to the company’s achievements.”
Ronald Elgert, CEO of LMF, says: “We warmly welcome MCP as a financing partner and expect to continue our expansion in key international growth markets, following the successful establishment of local sales and service operations in China and Germany. As we observe some cyclical recovery in our addressable markets, we look forward to working with old and new customers to deliver best-in-class compressor solutions across our wide product offering.”
John Sinik, managing partner of Metric Capital, says: “Our investment in LMF is Metric Capital Partners’ first investment in a German speaking country and further underlines our pan-European investment strategy. Having completed 11 investments since inception, we have firmly established MCP as a leading alternative capital provider in Europe and will continue our investment strategy with the establishment of a successor fund expected for 2014.”
Launched in September 2011, MCP is an independent private capital group which invests in European small and medium-sized firms by providing debt and equity solutions to support the execution of strategic transactions including MBOs, MBIs, growth/development capital, refinancing and rescue financing.
