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Herter & Co advises FLABEG Group on the rearrangement and expansion of its financing structure

Herter & Co. has advised the Tier-2 automotive supplier FLABEG Automotive Holding GmbH (“FLABEG”) on the refinancing of existing facilities as well as the raising of an expansion financing for future growth. FLABEG, owned by an affiliate of Sun Capital Partners, Inc., is one of the worldwide leading companies for the development and production of innovative mirror and glass solutions for the automotive sector.

Herter & Co. coordinated a financing package to refinance existing facilities as well the financing of future planned growth of the FLABEG Group. The financing package was provided by a European bank and a European debt fund.

“Herter & Co. supported us during the whole refinancing process, from the preparation, selection and approach of potential financing parties to the structuring of the financing package, the ultimate negotiations around the final agreement to the day of funding with a high level of expertise” said Gerhard Wilwerding, FLABEG Group’s CFO.

Herter & Co. acted as Sole Debt Advisor on the transaction.

More than 130 years of experience have made FLABEG one of the globally leading companies in glass processing. Headquartered in Nuremberg with 9 sites globally and around 1,400 employees FLABEG is the market and technology leader for mirrors and functional glass in the automotive industry. Their special competences lie in the bending, coating and processing of glass: “added value in glass”

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