Clearwater International acted as sole financial adviser to Reverse Logistics Group (“RLG”) on the structuring of two loan note facilities with a total volume of €14m, provided by RiverRock European Opportunities Fund (“RiverRock”).
RLG (a portfolio company of Monitor Clipper Partners), headquartered in Dornach, Germany, is the leading European provider of fully integrated reverse logistic, after-sales management and individual take back solutions. RLG operates six subsidiaries with offices in Austria, Germany, Hungary, Italy, Poland, Romania, Singapore, United Kingdom, USA, Peru, Mexico and The Netherlands. With approximately 280 employees, RLG Group generated sales of approximately €113m in 2013.
The RiverRock European Opportunities Fund was founded in 2011 to provide innovative debt capital solutions to European small and medium sized companies. The fund has invested in a variety of sectors across Europe, including telecommunications, manufacturing, technology and renewables.
The proceeds from the financing will be used for general corporate finance purposes, including growth and working capital financing.
Clearwater International, led by partner Tobias Schätzmüller, advised Reverse Logistics Group.