GCA Altium is now part of Houlihan Lokey

Transaction Details

July 31, 2017


Industrials and Industrial Technology

Deal Type

Debt advisory, Refinancing

Deal Value


Deal Team

Johannes Schmittat, Gerd Bieding, Adrian Nowitzki

GCA Altium advises Prym Group on its refinancing

GCA Altium advised Prym Group on the refinancing and improvement of terms of existing syndicated loan facilities.

On the back of Prym Group’s strong operating performance, a competitive financing process driven by GCA Altium allowed for a reduction of interest margins, improved overall terms, and more flexibility for potential M&A transactions.

Prym Group, founded in 1530, is the oldest family-owned industrial company in Germany. With c. 3300 employees in 32 sites around the world, the group operates four separate segments: Prym Consumer (creative sewing and needlework products), Prym Fashion (fashionable fastening systems for the apparel and textile industry), Prym Intimates (components and accessories for the lingerie and underwear industry) and INOVAN (electromechanical components and connecting elements i.a. for the automotive industry). In 2016, Prym Group generated sales of c. € 380m and an EBIT of € 37m.

“After their successful involvement in implementing our syndicated loan facilities in 2015, GCA Altium have again been very helpful in further improving our financing terms and conditions,” commented Stefan Hansen, CFO of Prym Group.

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