2020 annual review
Debt facility ensures off- highway wheels deal success Asset management company Aurelius Equity Opportunities (Aurelius) approached FRP to assist with the acquisition of GKN Wheels and Structures from GKN. The target company, with sites in the UK, Denmark and the USA, is a leading manufacturer of off-highway wheels components mainly for agriculture. Given the complexity of the geographic footprint, and the nature of the asset base, Aurelius approached FRP for support in raising debt to finance both the acquisition and ongoing working capital.
The working capital facility will allow Aurelius to continue to build on GKN Wheels and Structures’ market-leading position.
Dave Edwards Debt Advisory
Outcome
Our Debt Advisory team negotiated offers from lenders in both the UK and US, and provided comparative analysis and a detailed view on the respective debt capacity. Having identified the preferred lender, the transaction was completed successfully, providing a multi-asset facility across collateral in the UK and US.
Raising and refinancing debt
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