Transaction Details

May 11, 2021
Frankfurt

Sector

Industrials and Industrial Technology

Deal Type

Debt advisory, Refinancing

Deal Team

Norbert Schmitz, Johannes Schmittat, Nikolaus Clary, Armin Klose

GCA Altium advises Maxburg on the refinancing of Safety & Technical Supplies Group including financing for three add-ons, SMH, AB Equipements and Agirent

GCA Altium has acted as advisor to Maxburg on the refinancing of Safety & Technical Supplies Group including financing for three French targets, SMH, AB Equipements and Agirent.

Safety & Technical Supplies (STS) Group – a portfolio company of Maxburg Beteiligungen (“Maxburg”) managed by Maxburg Capital Partners – is the leading value-added B2B distributor for personal protective equipment (PPE) and technical equipment in the renovation and decontamination sector with a proven M&A track-record. STS’s nucleus is ASUP, the market leader in the GSA region that has developed, through organic growth and M&A, a strong footprint in France. STS reports sales of €120m and distributes over 14,800 products with a high share of consumables and private label products from 900 suppliers to around 12,500 customers.

The acquisition of the three French firms, SMH, AB Equipements and Agirent, serves to further strengthen the group’s existing market position, creating the French market leader. In the short-to-mid-term, the group intends to continue to grow organically and to acquire further strategic targets to enhance its position as the European market leader.

GCA Altium supported Maxburg in establishing an attractive financing package for STS by leveraging a highly competitive process. The financing package fully finances the add-on acquisitions of the three targets, refinances STS Group’s existing debt, and returns equity capital to the investors.

Norbert Schmitz, Managing Director at GCA Altium, commented: “We are delighted to have found a financing solution for a complex, cross-border transaction that serves the purposes of both the shareholders and the company which, we believe, is now ideally set for future growth.”

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