We have advised Fixcel on raising a new €7m senior debt funding package.
Fixcel Group Oy is a manufacturer of movable steel-based modular buildings with globally patented module technology. Fixcel’s commercial operations were launched in 2018 and the company recorded net sales of €33m for the financial year ending 31/03/2020. One of the benefits of Fixcel’s technology is healthy indoor air and its solutions are often used in schools, hospitals, elderly care, and office buildings.
Proceeds will be used for refinancing existing facilities and for the implementation of a rapid growth strategy, including capital expenditures for production capacity increase. The funding package also includes a flexible working capital facility for client project-related construction periods. New debt facilities were provided by two financiers under an inter-creditor agreement.
