H.I.G. WhiteHorse, a credit affiliate of global investment firm H.I.G. Capital, arranged a €40 million ($44.7 million) unitranche debt refinancing for Group Legris Industries to facilitate the acquisition of Schiederwerk.
Germany-based Schiederwerk is a developer and producer of high-voltage power supplies solutions for a variety of applications such as sport and stage lighting, medical devices and industrial equipment.
Erwan Taton, CEO of Legris Industries, said, “For Legris Industries, this investment is fully aligned with our strategy to invest in growing, high quality market leaders. H.I.G. WhiteHorse has been supportive, pragmatic and reliable in their approach, taking the opportunity of this acquisition while refinancing the group and we look forward to working together with them going forward.”
Belgium-based Legris Industries is a diversified industrial group with a strong family shareholding.
H.I.G. WhiteHorse focuses on providing debt financing solutions to middle market companies in Europe and the U.S.