Clearwater has advised DI Mittelstand‘s newly acquired portfolio company Aerumtec on raising ABL facilities for the UK entity that was part of the wider carve out from Leoni AG's Wire Product & Solutions Business Group (BG PS). ABL facilities were comprised of a CID line, plant and equipment facility, and cash flow loan.
BG PS, now under the new brand Aerumtec, is a leading specialist manufacturer of copper-based products and solutions. Its products are customised to individual customer requirements and are installed within a wide range of industries, including aviation, renewables, and industrial applications.
Headquartered in Germany, Aerumtec has production facilities in Germany, the UK, and China, employing over 500 people globally.