Transaction Details

February 6, 2015
Frankfurt

Sector

Industrials and Industrial Technology

Deal Type

Debt advisory

Deal Value

N/D

Deal Team

Norbert Schmitz, Thorsten Weber

GCA Altium acted as exclusive financial adviser to Heytex on the add-on financing of the acquisition of BondCote

GCA Altium acted as exclusive financial adviser to Heytex on the add-on financing of the acquisition of BondCote, a US-based manufacturer of coated and laminated fabrics as well as composite fabrics. BondCote’s products are used in particular for single-ply tents, transportation, military, environmental, agricultural, recreational, and athletic industries.

Heytex, which was acquired in 2012 by funds advised by Deutsche Beteiligungs AG, is a leading manufacturer of print media and technical textiles. The company’s products range from materials for trucks and other tarpaulins, advertising banners, large tents or party tents to technological premium-quality products, e.g. for biogas membranes or stadium roofing.

The acquisition of US-based BondCote will further strengthen Heytex’s footprint in the US market and support the company’s growth strategy.

Having advised Heytex’s refinancing after its acquisition by DBAG in 2012, GCA Altium was once again mandated to support the company on the add-on financing for the BondCote acquisition. GCA Altium structured and coordinated the financing discussions and advised Heytex on all commercial aspects of the transaction.

The transaction closed in January 2015.

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