Clearwater International advises GTS on refinancing to support growth

Clearwater International’s Debt Advisory team has advised Growth Capital Partners (GCP) backed GTS Flexible Materials Ltd (GTS), a specialist industrial manufacturer, on a refinancing transaction to support the business with its growth plans.

With more than 50 years of industry experience, GTS is a manufacturer of flexible base materials and insulation tape materials using specialist adhesives and coating techniques. The company’s materials are used across a range of industries including automotive, electronics and power distribution. Some of its products end uses include flexible circuits used in automotive, such as battery interconnect circuits for EVs and laminated busbars for safe and efficient distribution of power in industrial applications.

GCP invested in the business in 2020 to support GTS in exploring strategic expansion opportunities and scaling up its operations and processes to maximise growth opportunities within the markets it serves.

Debt facilities were provided by HSBC which will provide a solid platform to enable the business to go even further forward with its growth plans. The funding will go towards scaling GTS’ manufacturing capacity to meet increased product demand.