GCA Altium is now part of Houlihan Lokey


January 14, 2016


Industrials and Industrial Technology

Deal Type

Debt advisory, Refinancing

Deal Team

Norbert Schmitz, Gerd Bieding, Thorsten Weber, Nikolaus Clary


Altium acted as exclusive financial adviser on the recapitalisation of Cordenka.

Cordenka, headquartered in Obernburg (Germany), is the leading producer of premium quality rayon fibre for the tyre industry. The company’s high-tenacity yarns/cords and fabrics are mainly used for industrial production of high-performance and ultra-high-performance tyres, mechanical rubber goods and plastic composites.

Acquired by Chequers Capital in 2011, the company has successfully delevered and has focused on the premium tyre segment by increasing its converting capacities in order to benefit from the higher margin and growth segments cord and fabric.

Altium structured and ran a competitive process involving the existing consortium and new lenders and advised Cordenka’s management as well as Chequers Capital on all commercial aspects of the transaction.

The transaction closed in December 2015.

Related Transactions

All transactions