Transaction

Clearwater advises Altawest on raising €42m of debt

Transaction

Altawest Raised banking facilities to refinance its existing debts and finance its growth

Refinancing

€42m

Role

Adviser to Altawest on its refinancing and growth financing

Sector

Energy & Utilities
Industrial & Chemicals

Region

France & Belgium

Clearwater has advised Altawest on the refinancing of its existing debt, and raising a significant amount of finance for its future growth.

Created in 2005 by its manager and majority shareholder Philippe Garelli, Altawest is the holding company of Jeumont Electric, Leroux & Lotz and Inova. The group is a key industrial player, acting as a technology developer, original equipment manufacturer, and services provider for the environment and energy markets.

Financing of €42m has been provided by LCL and Banque Populaire Grand Ouest, and supported by CIC Nord Ouest, Crédit Agricole Atlantique Vendée and Arkéa. This new debt structure also includes capex facilities to support the group's growth strategy as well as a revolving credit facility (RCF) to finance short-term requirements.

Altawest industrials

This transaction has been successfully completed thanks to Clearwater’s support, and provides Altawest with significant resources to achieve our development ambitions, especially at an international level.

Philippe Garelli, CEO, Altawest
Altawest industrials

We are very pleased to have assisted Altawest with this transaction which will enable the group to strengthen relationships with its banks and support their future growth and investments.

Clearwater

Transactions