Transaction

Clearwater advises GTS on refinancing to support growth

Transaction

Growth Capital Partners raised debt facilities from HSBC to finance GTS Flexible Materials

Refinancing

Undisclosed

Role

Adviser to Growth Capital Partners on raising debt facilities from HSBC to finance GTS Flexible Materials

Sector

Industrial & Chemicals

Region

United Kingdom

Clearwater’s Debt Advisory team has advised Growth Capital Partners (GCP) backed GTS Flexible Materials Ltd (GTS), a specialist industrial manufacturer, on a refinancing transaction to support the business with its growth plans.

With more than 50 years of industry experience, GTS is a manufacturer of flexible base materials and insulation tape materials using specialist adhesives and coating techniques. The company’s materials are used across a range of industries including automotive, electronics and power distribution. Some of its products end uses include flexible circuits used in automotive, such as battery interconnect circuits for EVs and laminated busbars for safe and efficient distribution of power in industrial applications.

GCP invested in the business in 2020 to support GTS in exploring strategic expansion opportunities and scaling up its operations and processes to maximise growth opportunities within the markets it serves.

Debt facilities were provided by HSBC which will provide a solid platform to enable the business to go even further forward with its growth plans. The funding will go towards scaling GTS’ manufacturing capacity to meet increased product demand.

image 81

We are delighted to complete the refinance to get to what is a great package for GTS and GCP. The deal represents a great effort by all and we appreciate all the hard work put in by Chris, Lachlan and Ellie.

Ravi Monteiro, Investment Director, Growth Capital Partners
image 81

Thank you to Clearwater for all of their expertise and work on this transaction. The funding package will give us a great platform for our growth plans. The team were able to negotiate great terms which exceeded our expectations at the start of the process.

Tim Brotherton, Group Finance Director, GTS Flexible Materials Ltd

We are really pleased to have supported GCP and GTS in finding the right funding package to take the business forward. GTS is an expert in its field, and through GCP’s backing and an innovative structure led by HSBC it has the right foundation in place to grow.

Chris Smith, Partner, Clearwater

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