Clearwater International advises GL Group on refinancing for growth
Clearwater International has advised industrial group GL Group on the restructuring of its debt in order to finance its future growth.
Founded in 1998, GL Group is an industrial group specialised in the cutting and bending of metals and the trade of steel.
Since 2016, the group managed to double its revenue thanks to its ability to quickly respond to the various needs of more than 1,500 customers ordering small and medium-sized series. The business has four production sites located in the south-east of France, utilising high-performance, automated cutting (laser and oxy-cutting) and bending production tools with a production cycle of fewer than eight days thanks to an optimised organisation.
GL Group is a leader in the south-east of France and its shareholders are looking to become a national player by focusing on three strategic priorities; opening several new sites in the next few years, accelerating the digitalisation of the company's business model to reduce the production cycle and exploring build-up opportunities.