#H.I.G. Capital #Netherlands #H.I.G. WhiteHorse #Büter Group #Emmen

H.I.G. WhiteHorse's Financing for Büter Group: A Strategic Move

H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital, has announced a substantial financing deal with Büter Group, a prominent manufacturer of hydraulic cylinders and lift solutions based in Emmen, the Netherlands. This new first lien, senior-secured credit facility not only underscores H.I.G.'s commitment to supporting industrial leaders but also highlights Büter's status in the hydraulic systems market.

Büter Group, founded in 1965, specializes in customized hydraulic cylinders crucial for Original Equipment Manufacturers (OEMs) involved in low to mid-volume off-highway vehicles. These sectors include significant areas such as agriculture, construction, and material handling. Notably, Büter also offers hydraulic lift solutions tailored for rail and various other industrial applications, establishing a diverse operational footprint.

Faas van Engelen, Director of Capital Markets at NPM Capital, expressed satisfaction with the acquisition of Büter and acknowledged H.I.G. WhiteHorse's instrumental role in facilitating this financial partnership. The rapid and efficient process from agreement to closure, especially just before the holiday season, demonstrated a deep commitment from H.I.G. WhiteHorse.

Pascal Meysson, Head of H.I.G. WhiteHorse Europe, commented on Büter's prominence in niche industrial segments, emphasizing the company's robust customer relationships and significant market share. This venture not only exemplifies the ability of H.I.G. WhiteHorse to invest across various sectors but also showcases its focus on manufacturing and industrial applications.

About Büter Group

Büter Group lies at the forefront of Europe's manufacturing landscape, largely due to its innovative approach and dedication to quality. With around 550 employees spread across facilities in the Netherlands and Germany, the company has amassed numerous patents and utility models over the years. Büter caters to OEMs looking for dependable hydraulic solutions, reflecting its significant impact on the manufacturing sector.

H.I.G. Capital's Broader Vision

H.I.G. Capital, established in 1993, manages an impressive $74 billion in capital, focusing on alternative investments including equity and debt financing. With a wide-reaching presence that includes offices across the United States and internationally, H.I.G. is committed to providing flexible and strategic financial solutions to middle-market companies.

The firm specializes in management buyouts, recapitalizations, and corporate carve-outs, ensuring a diverse range of investment opportunities. Moreover, H.I.G. WhiteHorse's debt funds focus on senior, unitranche, and junior debt financing. Committed to supporting companies of various sizes, H.I.G. continues to establish itself as a leader in the investment sector.

Looking Ahead: Strengthening Industry Ties

This strategic financing deal with Büter Group represents a significant step forward for both firms. As Büter continues to innovate within the hydraulic sector, the support from H.I.G. WhiteHorse ensures access to essential resources for growth and development. This collaboration is poised to enhance Büter’s capabilities, thus benefiting its clientele and expanding its market reach.

In the fast-evolving industrial landscape, such partnerships are vital. They not only illustrate the interconnectivity of financial backing and industry performance but also emphasize the importance of having strong, resourceful allies in today’s competitive environment. Moving forward, the industry will undoubtedly monitor how this collaboration shapes the future of both H.I.G. WhiteHorse and Büter Group in their respective markets.