Bright Capital provides financing solution for the MBO of green modular laundry GmbH
Funds advised by BRIGHT CAPITAL the German specialist provider of debt capital solutions for #SMEs, is pleased to announce it has provided an #esg-linked senior financing package including an incremental facility for further add-ons, to Germany-based professional textile leasing and laundry solutions provider green modular laundry GmbH (GML) as part of an MBO by industry veteran Matthias Grohmann.
GML designs, develops, and provides bespoke solutions for industrial and occupational safety workwear, as well as for the healthcare service sector and flat linen, whilst promoting #esg and the #circulareconomy by encouraging maintenance, reuse and recycling with the clear aim to create sustainable growth.
The complex transaction included the acquisition of German and Dutch assets as well as customer portfolios to strengthen the Company’s footprint in German and BeNeLux metropolitan areas. The #esg-linked loan incentivises the company’s sustainability performance by a margin ratchet based on the improvement of sustainability KPIs and #carbonneutrality.
The deal team at Bright Capital comprised Felix Förster (Director) and Charlotte Arkenberg (Associate).
Thanks to Matthias Grohmann (CEO), the legal teams at NautaDutilh and McDermott Will & Emery led by Michelle van Doren and Dr. Oliver Hahnelt, LL.M., as well as the EIGHT ADVISORY financial due diligence team led by Marc Niclas for the smooth process and cooperation.