Transaction Details

March 29, 2019
Frankfurt

Sector

Industrials and Industrial Technology

Deal Type

Debt advisory

Deal Value

N/D

Deal Team

Thorsten Weber, Gerd Bieding, Nikolaus Clary, Janik Bold

GCA Altium advises Equistone on the financing of the acquisition of RENA Technologies

GCA Altium has advised Equistone on the financing of the acquisition of RENA Technologies, the global market leader in wet chemical surface treatment. The acquisition provides Equistone and RENA Technologies the opportunity to continue the successful growth of the past years and to expand the technological leadership of the company.

Founded in 1993, RENA is one of the world’s leading manufacturers of wet chemical surface treatment technology and machinery. As a global player, RENA provides high-tech solutions to clients in the semiconductor, medtech, battery, green energy, and glass & sapphire sectors. The company has a strong international presence, with three production and R&D facilities in Germany and Poland, as well as sales and service locations across Asia, including China and Singapore, and North America.

GCA Altium advised Equistone on a tailored financing package provided by German savings banks that supported the successful acquisition of the company. GCA Altium provided debt advice on all commercial aspects of the financing transaction and helped Equistone to secure a competitive and flexible financing package, which was a key factor in the acquisition process.

Thorsten Weber, Managing Director at GCA Altium, stated: “We are delighted to have advised on this financing transaction. RENA is active in an attractive market sector and has shown outstanding development over the last years. Together with the company’s strong management team, Equistone will lead the group into the next growth phase. Whilst the selected financing should allow a maximum of flexibility, it likewise reflects the extraordinary growth potential of the group.”

All parties agreed that no details of the transaction would be disclosed.

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