Clearwater International advises Tristone Flowtech Group on debt financing 2
|Clearwater International acted as sole financial adviser to Tristone Flowtech Group on the structuring and arrangement of a credit facility (A and B tranche) for the Group entities and the Holding.
Tristone Flowtech Group (“TFG”), formerly part of Sweden based engineering group Trelleborg AB, is a provider of Flow Technology Solutions exclusively for the automotive industry. The company’s operations concentrate on applications for Engine & Battery Cooling, Air Charge as well as Air Intake systems. With more than 2,000 people worldwide and revenues of approx. €200m, TFG is one of the market leading automotive suppliers in Europe, with long-standing relationships with all major car manufacturers operating among others in France, Spain, US, Mexico, China, India, Poland, Czech Republic and Turkey.
Raiffeisen Bank with its subsidiaries in Poland and Czech Republic provided the credit facilities within a joint borrower concept.