Nordhausen, 30 October 2015
FEUER powertrain Group, headquartered in Nordhausen (Thüringen, Germany), has in October 2015 successfully closed a new Mezzanine financing with a total volume of EUR 30m. The transaction strengthens the capital structure and increases overall financing flexibility for the group’s further growth perspectives.
Specifically, the Mezzanine capital is financing the ramp-up of the new subsidiary in Tianjin (China), that has already begun the local supply of selected Asian customers, as well as investments into the expansion of the first German production plant, including a technological upgrade. Furthermore, the strengthening of the group’s equity base provides early for an increased flexibility with regard to the medium-term redemption of existing mezzanine capital.
Financing partner is the pan European Mezzanine Fund idinvest Partners. ARGONAS Corporate Finance Advisors acted as exclusive financial advisor to FEUER powertrain Group.