Clearwater International advises Reverse Logistics Group on €27m debt financing

Clearwater International acted as sole financial adviser to Reverse Logistics GmbH (“RLG”) on the structuring of two senior secured loan note facilities with a total volume of €27m, provided by Proventus Capital Partners, Sweden.

RLG, a portfolio company of Monitor Clipper Partners, is headquartered in Dornach, Germany and is the leading European provider of fully integrated reverse logistics, after-sales management and individual take-back solutions. RLG operates with 21 offices and 38 subsidiaries in more than 80 countries. With approximately 500 employees, RLG Group generated sales of approximately €128m in 2015.

Proventus Capital Partners is an active credit investor and loan provider to Northern and Western European mid-sized companies in need of capital for expansion, acquisition financing, restructurings and refinancing. Proventus Capital Partners also invests on a selective basis in the primary and secondary markets for high yield bonds. The funds of Proventus Capital Partners have combined assets of approximately €2.5bn under management.

The proceeds from the financing will be used for a refinancing of existing debts and general corporate finance purposes.