Clearwater International has advised the management team of Arlington Industries, Mark Franckel (Group CEO) and Simon Greenhalgh (Group CFO), on the debt raise for the acquisition of automotive mechanical engineering firm Magal Engineering Group and a refinance of current debt. The c.€50m facility has been provided by a two funder club, comprising Wells Fargo and Shawbrook Bank. This will support both the acquisition of Magal Engineering Group and future growth of the enlarged group.
Arlington Industries, backed by US Cartesian Capital Group, provides supply chain integration to global OEMs in the aerospace and automotive sectors. The company’s focus is to deliver greater efficiency, shorter supply chains, and consolidation of product and services to its clients. By acquiring various businesses across the aerospace and automotive industries, Arlington is able to better enhance its supply chain offering and utilise the diverse spectrum of talent across the board. The business provides a vast range of services across the markets, from design to manufacture, as well as welding, pressings, coatings, maintenance and logistics.
Magal Engineering Group is an automotive component and system supplier across Europe, Asia and the US. Magal delivers complex design solutions with a depth of engineering capability and competitive pricing. Recognised as a Tier 1 global strategic supplier to the major OEMs, the business is a preferred supplier to brands such as Ford, Jaguar Land Rover and Renault Nissan amongst others.
The Clearwater International team that advised Arlington Industries was led by Partner Mark Taylor and Associate Director Chiara Pettinicchio.
“Working with the Clearwater team has been a pleasure. They delivered a faultless process, their extensive knowledge of the debt market and strong presence in our sector was fundamental to us being able to achieve our goal. Clearwater’s guidance and professionalism would benefit any business looking to enhance their growth potential.”
Mark Franckel, Group CEO of Arlington Industries
Mark Taylor, Partner and Head of Debt Advisory, Clearwater International