Herter & Co. advised private equity firm Silverfleet Capital on the financing of its acquisition of 7days group (“7days”), a leading designer, manufacturer and supplier of medical workwear.
Herter & Co. coordinated an all-senior financing package provided by a bank club consisting of existing and new lenders. Completion is subject to regulatory approval
“The process organized by Herter & Co resulted in timely debt financing security which was a key differentiator in this competitive bidding process. The financing solution achieved provides the funds and flexibility necessary to support our future growth strategy for 7days.” said Joachim Braun, Partner at Silverfleet Capital.
7days offers a comprehensive product portfolio designed exclusively for medical professionals that includes tunics, tops (polo shirts, sweatshirts etc.), trousers, lab coats, shoes and accessories. 7days continuously tailors its portfolio, which currently comprises over 2,600 products, to customer requirements and offers a high degree of customisation with a focus on quality and value for money. The Company’s design studio and procurement departments are based in Lotte, Germany with production facilities in Tangier, Morocco. 7days markets its products through online (web-shop, newsletters) and offline (catalogues) channels and can execute orders online or by phone or fax.
Herter & Co. acted as Sole Debt Adviser to Silverfleet Capital.
Silverfleet Capital, is a Pan-European private equity firm that specialises in buy-to-build situations, focussing on established businesses with an enterprise value between €75m and €300m.