RM Secured Direct Lending (RMDL), a specialist in tailored debt solutions, has provided EUR7 million in secured loans to the leading Private Equity firm, HIG Capital, to support its acquisition of all shares in TierOne Beteiligungs, holding a majority of the shares in Beinbauer Group.
The investment, which is RMDL’s largest in Europe so far, was made alongside funds managed by Beechbrook Capital.
HIG Capital is a leading global private equity and alternative assets investment firm with more than EUR20 billion of equity capital under management. Beinbauer Group is a leading provider of complex machined metal parts for the European on- and off-highway commercial vehicle industry, mainly serving leading OEMs. Founded in 1968 and headquartered in Büchlberg near Passau, Germany, it has four production sites across Germany and over 700 employees.
Pietro Nicholls, Principal, RM Capital, says: “We are delighted to have co-invested with Beechbrook Capital in supporting HIG Capital, providing a flexible, well-structured financial solution. This acquisition financing is our largest European transaction yet, as we continue to grow and diversify our portfolio of secured, high quality debt investments. We believe that acquisition finance presents a significant opportunity for RM Capital given our extensive experience and understanding of the needs of sponsors and their portfolio companies. We remain on track to have fully deployed the proceeds of our GBP30 million October fund raise across our pipeline of opportunities by the end of February.”
Sandeep Agarwal, Partner, Beechbrook, says: “This was our first transaction alongside RM Capital and we were pleased that they were able to support us in providing this acquisition finance to HIG Capital. They were able to act quickly to and adapt to the requirements of this transaction and we look forward to working with them again.”
