HIG WhiteHorse, a credit affiliate of global investment firm HIG Capital, has arranged a GBP27 million unitranche loan for Primesight, an out-of-home advertising company in the UK which is majority owned by GMT Communication Partners. Primesight is headquartered in London, UK and has around 140 employees. The company operates a national network of some 20,000 advertising panels, selling the advertising space via advertising agencies and to companies directly.   HIG WhiteHorse has provided a flexible financing structure which replaces the company’s existing debt facility and provides additional capital to support growth and investment.   Jerry Wilson, principal at HIG WhiteHorse,

Exxelia, a manufacturer of high-performance complex passive components and subsystems focusing on highly demanding end-markets such as civil aeronautics, space and defence, has refinanced and simplified its debt structure. The former structure, which comprised both senior debt as well as a mezzanine debt financing, was enforced in March 2014 before the acquisition by IK Investment Partners, has been replaced at the same leverage by the issuance of a new senior tranche of EUR160 million.   The debt has been arranged by a club of European blue chip banks and financial institutions: CM-CIC, HSBC and Société Générale acted as Global Coordinators.

Noerr has advised Kieser Training on setting up a joint venture together with the Chinese project developer EuroSinoInvest (ESI). The joint venture marks Kieser’s entry to the Chinese market.   The first Kieser training studio in China is soon to open in Beijing, and another 20 studios will be established in the Chinese market in the next three to five years.   Kieser Training, which focuses on health-oriented fitness training, currently operates 138 training studios in Australia, Germany, Luxemburg, Austria and Switzerland, either itself or as a franchisor.   Kieser Training has for many years relied on advice from Noerr’s

Italian security firm Axitea has received majority approval for a proposed deal with creditors on its EUR200 million total debt, aimed at ensuring the going concern of the business. The deal, which subject to final court approval, will see the injection of EUR32 million of fresh finance into the business via a new vehicle, specifically created by private equity firm Stirling Square Capital Partners.   Gattai, Minoli, Agostinelli & Partners advised Axitea and Stirling Square Capital Partners on the legal profiles of the deal through a team composed of partners Riccardo Agostinelli and Sergio Fulco, and associates Riccardo Sgrò and

Independent Growth Finance (IGF), a commercial finance provider for SMEs, has provided a GBP2 million asset based lending line to Insite Contracts Ltd, a high-end office fit out and refurbishment company based in Scotland. Based in the north of Glasgow, Insite has a client portfolio spanning the public, commercial fitout/refurbishment, industrial and retail markets.    Founded in 2004, Insite began its operations providing refurbishment and fit out services primarily within the office and healthcare sectors. Initial success saw the company introduce an additional maintenance/FM service for a number of its key clients, followed recently by the formation of a subsidiary company, Insite Cladding and Roofing Ltd. which also predominantly operates in the refurbishment sector effectively complimenting their existing services. Working

NTR has closed two project debt facilities back-to-back in a matter of weeks with Nord/LB, totalling EUR50 million. The debt facilities will be used to finance the construction of the Coollegrean wind farm, a 17 MW wind farm based in County Kerry, Republic of Ireland, and the Teevurcher wind farm, a 9 MW wind farm, located in County Meath, Republic of Ireland.    NTR’s chief financial officer, Marie Joyce (pictured), says: “NTR has had a longstanding and successful relationship with Nord/LB in financing our wind projects in the US and we are delighted to now transact with Nord in the

Pan-African law firm Bowmans has advised Helios Credit Partners on one of the first significant financings by a private credit fund in sub-Saharan Africa. The transaction was one of the largest debt financings secured by a Namibian company in the private sector.   The loan, of up to USD40 million, was made available to Trustco Group through funds advanced by Helios Investment Partners through its direct lending platform, Helios Credit Partners.   Trustco is a Namibian-based conglomerate with operations in the real estate, insurance, microfinance, retail, banking and education sectors. The loan will be used to capitalise the growth of

OST Energy, an independent engineering consultancy, has worked with international solar energy provider Wirsol Energy Limited and German bank BayernLB to provide technical due diligence and independent engineering support for two UK solar PV portfolios with a combined capacity of 107MW. OST has been engaged by Wirsol since August 2016 to deliver a full suite of pre-construction technical due diligence services, subsequent construction monitoring and take-over phase support for a portfolio of 10 ground mount PV assets totalling 61MW.   In addition, during the refinancing of this portfolio, which closed in January this year, OST acted on behalf of lender

BlackRock Real Assets, on behalf of clients, has closed a long-term debt financing for Ellevio, the regulated Swedish electricity distribution system operator. BlackRock says the transaction brings a number of benefits for its institutional clients, including stable, long-term cash flows underpinned by an investment-grade rated issuer in Ellevio, who benefit from fully regulated electricity distribution operations in Sweden.   The transaction also capitalises on BlackRock’s clients’ ability to provide natural, long-term Swedish krona funding.   Jonathan Stevens, head of European infrastructure debt at BlackRock, says: “We are delighted to have closed this debt financing for Ellevio. It is attractive to