Apera backs recap of Boards&More – exclusive

Unitranche and super senior facilities will back the further growth of the sports equipment provider.

Apera Capital has supported the recapitalisation of German company Boards&More by its private equity sponsor EMERAM Capital Partners.

The finance package was provided by Apera and Joh. Berenberg, Gossler & Co, comprising a unitranche loan and a super a senior facility.

Apera said the refinancing has been structured to provide flexibility for Boards&More’s strategic initiatives aimed at strengthening its position.

Boards&More was founded in 2000 and is headquartered in Molln, Germany, and provides wind, water and mountain biking sports equipment. Its products are distributed under the brand names Fanatic, ION, North Kiteboarding and NorthWindsurfing. The company was acquired by EMERAM in 2013.

Klaus Petersen, founder of Apera Capital, said: “Backed by a strong management team and its well-known brand portfolio, the company has shown continuous growth over almost two decades. We look forward to supporting Boards&More in its further development.”

Earlier this month, Apera made its first investment in the German market when it provided unitranche finance to Ostertag Group to support its acquisition of DeTeWe Communications.