Herter & Co. advises ESIM Chemicals, a Sun European portfolio Company on its refinancing
Herter & Co. advises ESIM Chemicals, a SUN-portfolio Company on its refinancing as exclusive debt advisor. The € 200m+-structure includes new facilities and prepares the sale of the Intermediate and Specialties (“IM”) part of the business to Vertellus as announced earlier this month. Details of the bank financing shall not be disclosed.
This leaves ESIM Chemicals active through its ‘ES’ business, which stands for Exclusive Synthesis, in outsourced custom development and manufacturing services for a wide range of industries, particularly crop protection.
Frank Wegener, CEO of ESIM says: “The separation of the ES and the IM business was a complex project and the help of Herter & Co. in getting the financing adapted to the new needs was highly appreciated by us and our shareholders”.