FGI Worldwide supported H2 Equity Partners’ £50 million ($54.5 million) acquisition of Acal BFi from DiscoverIE Group by providing a €36 million ($39.2 million) cross-border, multi-asset, committed credit facility. The facility will also provide for ongoing working capital needs. Westbrooke Alternative Asset Management provided a mezzanine credit facility for the transaction.
“We knew our deal required a very specific financing structure and FGI drew up a one-stop solution that was just the right fit for us.” Katherine Ho, investment director at H2, said. “FGI navigated across seven jurisdictions simultaneously and delivered on the funding that we needed.”
“This has been one of the most complex deals we have seen at FGI in a while,” Sami Altaher, president of FGI, said. “I am incredibly proud of how our team stepped up to the challenge and provided a creative global financing for the company. We look forward to our continued partnership with H2 and Acal BFi!”
Alvarez & Marsal and Lincoln International served as advisors to the transaction.
“FGI accomplished a commendable financing process. It was a pleasure collaborating with them on this transaction.” Tim Metzgen, head of debt advisory at Alvarez & Marsal, said.
