Clearwater International acted as sole financial adviser to Reverse Logistics GmbH (“RLG”) on the structuring of two senior secured loan note facilities with a total volume of €27m, provided by Proventus Capital Partners, Sweden.
RLG, a portfolio company of Monitor Clipper Partners, is headquartered in Dornach, Germany and is the leading European provider of fully integrated reverse logistics, after-sales management and individual take-back solutions. RLG operates with 21 offices and 38 subsidiaries in more than 80 countries. With approximately 500 employees, RLG Group generated sales of approximately €128m in 2015.
Proventus Capital Partners is an active credit investor and loan provider to Northern and Western European mid-sized companies in need of capital for expansion, acquisition financing, restructurings and refinancing. Proventus Capital Partners also invests on a selective basis in the primary and secondary markets for high yield bonds. The funds of Proventus Capital Partners have combined assets of approximately €2.5bn under management.
The proceeds from the financing will be used for a refinancing of existing debts and general corporate finance purposes.
Clearwater International, led by partner Tobias Schätzmüller with support from associates Matthias Fritzsche, Alexander Seiferlein and analyst Pierre Knoche, advised Reverse Logistics GmbH.
Patrick Wiedemann, CEO at Reverse Logistics GmbH
David Ullenius, Investment Director at Proventus Capital Partners
Clearwater International is delighted and proud to have advised Reverse Logistics Group as exclusive financial adviser in this refinancing transaction, which represents our second advisory mandate for RLG.”
Tobias Schätzmüller, Managing Partner at Clearwater International