Gordon Brothers, the global asset experts, served as international agent for a $126 million facility to support Valore’s acquisition of Mirai Casting Group, an international Tier 1 supplier of automotive casting products major U.S., Japanese and European original equipment manufacturers.
The financing included a $55 million international revolving credit facility supporting Mirai’s European and Japan-based operations including assets across the U.K., Germany and Japan as part of its carve-out from Proterial. Gordon Brothers also advised Valore on the overall carve-out structure and will continue to provide advisory services following the transaction. A partner lender served as agent for the U.S.-based credit facilities included in the total financing package.
“We’re proud to support Valore as it looks to further its global manufacturing footprint,” Kyle Shonak, chief transaction officer, North America at Gordon Brothers, said. “Our ability to structure and execute complex financing combined with ongoing advisory services enables us to deliver tailored solutions for transactions of this scale.”
Gordon Brothers’ global platform enabled execution across the U.S., U.K., Germany and Japan, bringing together three asset-based facilities under a single aggregated structure.
“Our experience lending across jurisdictions in Asia, Europe and the U.S., combined with our automotive sector expertise, allowed us to deliver a bespoke financing solution for Valore and Mirai,” Tim Stewart, head of Asia Pacific at Gordon Brothers, said.
“We were immediately drawn to Gordon Brothers for their ability to provide creative solutions in a highly complex and multi-jurisdictional transaction such as this,” Tom Griffiths, managing partner at Valore, said.
“Gordon Brothers’ expertise within both the automotive and asset financing space, coupled with their resourceful approach and global capabilities made this transaction possible,” Graydon Sheinberg, managing partner at Valore, said.
