Following the recent acquisition of Village Glass, the Synseal Group has now completed a refinancing with the support of its current investors and funders, H.I.G. and Proventus, who have provided substantial further funds to continue their support for the growth and integration of the group. The refinancing has resulted in a significant strengthening of the group’s balance sheet and ensures that Synseal is positioned to solidify its market leading positions in PVC-U profile and conservatory roofs, and to take advantage of its strategic growth areas of glass, entrance doors and aluminium window and door products.
The Synseal Group has developed from a £70m turnover extrusion business prior to the MBO in 2010 to a £160m turnover multi material supplier to the fenestration industry with market leading positions in PVC-U and aluminium window and door systems, GRP and timber doors, Insulated glass units for windows and roofs. Conservatory roofs and portal frame structures. The group now employs over 1500 people across seven sites. For more information please refer to the Synseal website at www.synseal.com or contact David Leng – CEO.
H.I.G. is a leading global private equity and alternative assets investment firm with more than €20 billion of equity capital under management. Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Mexico City and Rio de Janeiro. H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:
H.I.G. equity funds invest in management buyouts, recapitalisations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
H.I.G. debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of €28 billion. For more information, please refer to the H.I.G. website at www.higcapital.com
Proventus Capital Partners is an active credit investor and loan provider to Northern and Western European companies in need of capital for expansion, acquisition financing, restructurings and refinancing. Proventus Capital Partners also conducts investments in publically traded corporate credits. The funds of Proventus Capital Partners have combined assets of EUR 2.5 billion and are managed by Proventus Capital Management AB, which is owned by management.
For more information, please refer to the Proventus website at www.proventuscapitalpartners.se