Direct lender Beechbrook Capital has provided a mezzanine loan to funds managed by HIG Capital, to support its acquisition of a majority interest in Beinbauer Group. RM Secured Direct Lending PLC, a specialist in tailored debt solutions, acted as co-investor to Beechbrook.
Beinbauer Group is a leading provider of complex machined metal parts for the European on- and off-highway commercial vehicle industry, mainly serving leading original equipment manufacturers. Founded in 1968 and headquartered in Büchlberg near Passau, Germany, it has four production sites across Germany and over 700 employees. With HIG’s investment, Beinbauer will look to grow organically within the commercial vehicle market and will seek out strategic acquisitions.
Wolfgang Biedermann, Managing Director, HIG Europe, says: “We are pleased to have partnered with Beechbrook Capital who provided funding towards our recent investment in Beinbauer Group. Beechbrook Capital’s flexibility contributed to an efficient documentation process and we liked their commercial approach. We are looking forward to working with the team again soon.”
Sandeep Agarwal, Partner, Beechbrook Capital, says: “We are delighted to have completed our first investment with HIG Capital in Germany, which remains a key market for Beechbrook. We remain committed to support quality small and medium-sized companies across the UK and northern Europe.”