Clearwater International advises Reverse Logistics Group on €27M Debt Financing

By on April 29, 2016

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 of 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 and Alexander Seiferlein, and analyst Pierre Knoche, advised RLG.

Tobias Schätzmüller, Managing Partner at Clearwater International, commented: „RLG is one of the international leaders and a fully integrated service provider in the fast-growing market for reverse logistics, after-sales management, recycling returns and individual take-back solutions as well as environmental compliance schemes. RLG is expecting to grow with a double digit CAGR until 2020. The refinancing with Swedish debt fund Proventus Capital Partners provides the financial resources and flexibility at improved terms to achieve this growth. Clearwater International is delighted and proud to have advised RLG as exclusive financial adviser in this refinancing transaction, which represents our second advisory mandate for the business.“

(Source: Clearwater International)

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