Eight Advisory provided financial due diligence support to green modular laundry (GML) in a MBO by industry veteran Matthias Grohmann which was backed by funds advised by BRIGHT CAPITAL.
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.
BRIGHT CAPITAL, the German specialist provider of debt capital solutions for #SMEs, 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 GML.
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 incentivizes 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).
Marc Niclas led the EIGHT ADVISORY financial due diligence team which consisted of Marco Fussenegger and Yannic Schott.