FGI provides a $5 million flexible ABL facility to an Aurelius portfolio company

“FGI has been able to give our US portfolio business the level of support and assistance required to usher them into this facility – and all on their time zone. They understand the need to be flexible and provide a very high level of personal service, coordinating extensively with all parties throughout the process.”

— Richard Schulze-Muther,
Director, Corporate Finance, Aurelius Group

Munich based investment group, Aurelius, acquired the portfolio company in November 2018. Aligning perfectly with Aurelius’s expertise and appetite, this was an acquisition of a very long-established manufacturing group with an operation in the USA. The group has grown into a global business with operations in Europe and Asia and has become synonymous with high-quality design and manufacturing of products.

The USA operation had previously relied on funding from its former parent company and had not used an ABL line before. As part of Aurelius’s acquisition strategy, it was desirable that the USA should have its own working capital facility. Given the nature of this business, an ABL line was a perfect solution.

FGI routinely provides customized facilities for US subsidiaries of foreign-owned international groups. FGI worked closely with Aurelius and its portfolio company to deliver a flexible ABL facility which will provide the US business with working capital for growth and longevity in valve manufacturing.