May 23, 2018 | Deals
GCA Altium advises Boards & More on the recapitalization of its existing capital structure
GCA Altium has advised Boards & More Holding GmbH on its recapitalization. The new financing comprises a Unitranche loan in combination with a Super Senior Facility. The financing structure has been tailored to provide the flexibility required for new strategic initiatives aimed to further strengthen Boards & More’s world-leading position in its markets.
Founded in 2000 and headquartered in Molln, Austria, Boards & More is a global platform with market-leading positions in wind, water and mountain biking sports equipment which is distributed under the brand names Fanatic, ION, North Kiteboarding and North Windsurfing. EMERAM acquired Boards & More in 2013 and is committed to supporting the company and its management through the next stage of growth.
Gregor König, CFO at Boards & More, said: “We are delighted to have completed a fast and efficient financing process at the end of which we received a financing solution that perfectly fits our operational needs and growth strategy.”
Thorsten Weber, Director at GCA Altium, added: “Boards & More’s outstanding performance over the last years allowed us to run a competitive financing process and test several potential refinancing options. We finally decided on a financing that reflects the company’s current and future growth ambitions and allows maximum flexibility.”