Baar-Zug, 12 June 2012
Partners Group acts as a Mandated Lead Arranger on the mezzanine financing for BSN Medical
Partners Group, the global private markets investment manager, acted as one of the Mandated Lead Arrangers, on behalf of its clients, for the mezzanine debt financing of Germany headquartered medical device supplier, BSN Medical in the acquisition of the business by EQT VI.
BSN Medical is a global medical device company - and one of the world's leading suppliers in the product segments of casting, bandaging, traditional wound care and compression therapy headquartered in Hamburg. The firm has shown remarkable resilience during the downturn and was growing revenues and earnings year on year throughout the period. The credit quality is reinforced by its leading position in its core markets, its wide geographical diversification and stable underlying industry demand dynamics.
René Biner, Partner and Head Private Finance at Partners Group, comments "Having been a mezzanine lender to the business since 2006, we are excited to have the opportunity to continue to support the further growth of this market leader in medical devices. Partners Group completed its 100th direct mezzanine investment earlier this year and we are delighted to be able to retain such a strong company in our portfolio." Christopher Bone, Senior Vice President in the Private Debt directs team, adds "Both the strong cash flow and stable growth profile of the business underscore its strong credit characteristics, and underline that this is an attractive mezzanine investment opportunity."