GCA Altium advises Kanalservice Group on its refinancing
Headquartered in Frauenfeld, Switzerland, Kanalservice Group (KSG) is a leading and rapidly growing service provider for underground infrastructure maintenance (UIM) in Switzerland and Germany. Due to its very successful acquisition strategy in recent years, as of today KSG is composed of eight mainly independently operating companies with 11 sites divided in two geographies – Mökah in Switzerland and Kanalservice Holding Deutschland in Germany – together employing around 450 employees and servicing over 12,000 customers.
GCA Altium provided debt advice on all commercial aspects of the financing transaction and supported the Kanalservice Group on a tailored debt refinancing, in combination with growth financing. Backed by Ufenau Capital, the group is following a dedicated buy-and-build strategy with the aim to consolidate the UIM market in Germany, Switzerland and Austria. Therefore, a well-balanced structure provided by a Swiss bank club has been secured that caters for the needed flexibility in respect to future add-ons.
Norbert Schmitz, Managing Director at GCA Altium, commented: “Due to the proven track record of Ufenau Capital being a very successful buy-and-build investor and with the company’s ability to acquire and integrate suitable add-ons in the past, we are highly confident that in combination with the attractive financing package, KSG is ideally set up for its future M&A strategy.”
The transaction closed on 30 June 2021.