Herter & Co. has advised Infiana Group GmbH (“Infiana”) on the introduction of a factoring program. Infiana is a portfolio company of DBAG Fund VI, a private equity fund advised by Deutsche Beteiligungs AG ("DBAG").
The new factoring financing has a double-digit euro million amount and gives Infiana access to a low cost source of financing on top of its existing bank financing. The program includes the EUR and foreign FX receivables of the main German operating entity of Infiana Group.
"Herter & Co. has provided us with comprehensive and sound advice throughout the whole factoring process, from the selection of suitable factoring companies to the communication with existing lenders as well as the technical implementation of the program", said Marten Julius, CFO of Infiana. Herter & Co. acted as Sole Debt Adviser to Infiana Group.
Infiana develops and produces engineered and innovative films for the consumer market and the industry. The Group has around 800 employees at its two production sites in Forchheim (Germany) and Malvern (USA). Infiana serves the Personal Care, Health Care, Building & Construction, Composites and the Pressure Sensitive Market. In 2017, Infiana Group generated a turnover of c. 200 million euros.
The listed Deutsche Beteiligungs AG invests in well-positioned mid-sized companies with growth potential. For many years now, DBAG has been focusing in particular on industrial business models in selected sectors. With this experience, expertise and equity, DBAG supports its portfolio companies in implementing a long-term and value-enhancing corporate strategy. Its entrepreneurial investment approach makes DBAG a sought-after investment partner in the German-speaking world. Assets under management or advisement by the DBAG Group amount to approximately 1.8 billion euros.