Beechbrook backs HIG with loan in Germany

The mezzanine facility will support HIG’s deal to buy a German vehicle parts specialist.

Beechbrook Capital has supported private equity investor HIG Capital with a mezzanine loan to acquire a metal parts company.

The deal will enable HIG to buy Beinbauer Group, which is based in Büchlberg near Passau, Germany and was founded in 1968. It has four production sites in Germany and more than 700 employees producing complex machined metal parts for European commercial vehicles.

The loan was provided in conjunction with RM Secured Direct Lending which acted as a co-investor to Beechbrook.

Wolfgang Biedermann, managing director of HIG Europe, said: “We are pleased to have partnered with Beechbrook Capital who provided funding towards our recent investment in Beinbauer Group. Beechbrook Capital’s flexibility contributed to an efficient documentation process and we liked their commercial approach.”

Beeckbrook said the deal is the first it has entered into with HIG in Germany and stated the country remains a key market for its funds.

Beinbauer will use the investment to grow organically in the commercial vehicle market and to seek out strategic acquisitions. Financial details of the loan were not disclosed.