Clearwater acted as sole financial adviser to PMG Group on the structuring of two term loans and a revolving credit facility with a tenor of 5 years.
PMG, established as a joint venture between PLANSEE and Thyssen in 1960, has long standing experience in the processing of powder metal. With a special focus on the production of high-grade powder metal components and system components employed in the manufacture of premium quality transmissions, engines and shock absorbers, the company is an internationally recognized supplier to leading automotive manufacturers and Tier 1 suppliers. PMG, headquartered after the acquisition in Füssen, Germany, employs approximately 1,200 people at seven locations in Spain, China, the United States and Germany.
