ESO has provided a EUR20.0 million Senior Secured Loan to WERU Group, a portfolio company of funds advised by HIG Capital. The loan proceeds will be used to refinance existing facilities as well as support WERU Group’s further growth plans.
“We are very happy in supporting a true German market leader backed by a high-quality sponsor. We are also very pleased in leveraging our capabilities in completing the first transaction out of our European Lending Fund I providing SMEs with Senior Secured Capital Solutions,” says Christian Fritsch, Partner at ESO.
Klaas Reineke, Managing Director at HIG Capital, says: “The financing solution by ESO Capital provides WERU Group with the long-term stability and the flexibility to make planned growth investments to further expand the Group’s strong market position. ESO Capital has been very supportive and demonstrated a high degree of flexibility and pragmatism in providing a portable financing solution.”
ESO’s deal team was led by Christian Fritsch (Partner), Marko Celic (Principal) and Florian Wimpff (Associate). ESO’s legal advisor was Anne Grewlich at Ashurst.
