DBAG leverages Gienanth buyout

DBAG initially acquired Gienanth in an all-equity deal. The fresh debt package consists of senior A and B tranches. 

The refinancing was provided by a club of banks, led by Kreissparkasse Biberach and Sparkasse Rhein-Nahe.

Along with long-term acquisition facilities, the financing package also includes a working capital facility, an additional growth facility as well as a factoring line that was provided by Lux Kapitalmarkt Management.

Previous investment
DBAG and its Fund VI acquired a majority stake in Gienanth in December 2014.

Previously known as Gebrüder Gienanth-Eisenberg, the company became a wholly owned subsidiary of Fink Deutschland Holding in 1997. In 2008, it was bought by Motion Equity Partners (then known as Cognetas).

Company
Gienanth is an iron foundry that produces castings. Its focus is on hand mouldings for industrial engine blocks and machine mouldings for the automotive sector. It employs 900 staff at two sites in Eisenberg and Fronberg.

Advisers
Company – Altium (Debt advisory).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• DACH
• Industrials
• Germany
• Refinancing