Platinum Equity has acquired Grupo Terratest

by / Saturday, 28 February 2015 / Published in Press Release

Lincoln International acted as exclusive debt advisor to Platinum Equity, securing financing commitments in support of the acquisition of Grupo Terratest

Lincoln International, a leading global investment bank focused on the mid-market, advised Platinum Equity on the financing of its acquisition of a majority interest in Grupo Terratest (Terratest). The structure includes a €20.0m Term Loan from Oquendo Capital and a €10.0m RCF from a multi-national commercial bank.

Terratest is a Spanish based specialized international contractor providing foundation work, ground improvement and micro-tunnelling services for large-scale infrastructure projects and industrial, commercial and residential construction.

Lincoln International acted as the exclusive financial advisor for Platinum and worked on all aspects of the financing, helping to structure, arrange, and negotiate the different financing facilities. Proceeds from the new debt facilities, which consisted of a senior revolving credit facility provided by a multi-national commercial bank and a senior term loan provided by Oquendo Capital were used to refinance the acquisition and provide for Terratest’s ongoing working capital and capital expenditure requirements.

About Lincoln International

Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With sixteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest.

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