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

H.I.G. WhiteHorse Provides Financing to Büter Group

In a notable development in the finance and manufacturing sectors, H.I.G. WhiteHorse, an esteemed credit affiliate of H.I.G. Capital, has recently extended a pivotal first lien, senior-secured credit facility to Büter Group, an operation recognized for its excellence in hydraulic solutions. H.I.G. Capital, a leading investment firm overseeing $74 billion in assets, has played an essential role in bolstering Büter’s financial framework as it embarks on its next growth phase.

Founded in Emmen, Netherlands, in 1965, Büter Group has established itself as a premier manufacturer of hydraulic cylinders and lift systems, primarily serving low- to mid-volume Original Equipment Manufacturers (OEMs) in various industrial sectors, including agriculture and construction. The company is particularly noted for providing tailored hydraulic solutions that meet the specific needs of clients across multiple industries, including agriculture, material handling, and rail transport.

The investment by H.I.G. WhiteHorse comes at a pivotal time for Büter, especially as it aims to expand its market share and innovate within its existing product line. According to Faas van Engelen, Director Capital Markets at NPM Capital, which holds ownership in Büter, the collaboration with H.I.G. WhiteHorse has proven instrumental in completing this acquisition efficiently. He remarked, “The swift execution from signing to closing just before the holiday season showed exceptional commitment.”

Pascal Meysson, Head of H.I.G. WhiteHorse Europe, echoed these sentiments, stating, “Büter is a European market leader in its niche industrial segments, demonstrating strong customer relationships and a significant wallet share. This investment underscores our capability to invest across various sectors, particularly manufacturing.”

Büter Group epitomizes innovation within the manufacturing domain. With a dedicated workforce of approximately 550 employees spread across their Dutch and German facilities, the company prides itself on its extensive patent portfolio. Their expertise not only lies in mass-producing hydraulic cylinders but also in creating customized hydraulic lift solutions tailored to meet unique client specifications. This adaptability has allowed Büter to thrive in a competitive market, offering bespoke systems that cater to the unique requirements of clients in rail and various industrial sectors.

Investment firms like H.I.G. have a storied history of contributing to the growth of mid-sized companies, and the financing arrangement with Büter is no exception. Established in 1993, H.I.G. has strategically invested in over 400 companies globally, showcasing a broad commitment to enhancing the capabilities and market positions of businesses across a spectrum of industries. This deal not only signifies a financial commitment but also a pledge of support aimed at fostering the growth and operational efficiency of Büter Group.

As they look forward, Büter aims to capitalize on their established foundation and explore new opportunities in hydraulic innovations, leveraging the support from H.I.G. WhiteHorse to further solidify its status as a market leader. In doing so, Büter will continue to strengthen its reputation, contributing to the betterment of industry standards globally and ensuring innovation remains at the forefront of its operational ethos.

For further insight into their operations and offerings, Büter Group's official website, bueter.com, provides comprehensive details about their products and services. Likewise, H.I.G. Capital operates a website hig.com that outlines their investment strategies and portfolio, providing a broader context for their impactful financing approaches.