Gordon Brothers Europe completes a €10.5 million Term Loan to Tvilum
Gordon Brothers Europe a firm specialising in restructurings for the retail, commercial, and industrial sectors, completes a €10.5 million Term Loan to “Tvilum APS” (“Tvilum”), jointly with a US-based lender.
Tvilums’ products are sold to customers in over 20 countries through some of the largest furniture retailers and mass merchants, as well as through its online website. The Company operates four state-of-the-art production facilities located within close proximity to its headquarters in Faarvang, Denmark. The capital will be used to support the Company’s restructuring and growth plans. The Term Loan will be secured by Tvilum’s machinery & equipment, real estate and inventory. GBE also provided a valuation of Tvilum’s assets for the lending group.
Eli Appelbaum, Managing Director - Investment & Finance commented, “We are pleased to be able to partner with a US-based lender in order to complete this transaction. Gordon Brothers Europe was able to provide local market knowledge, valuation expertise, as well as capital, in order to drive this transaction to conclusion. It has been a pleasure to work with the Company’s management team and Sponsor, Revolution Capital Group.”
“We appreciated the creativity and productive approach both parties provided, which combined, allowed this transaction to be completed,” said Aman Bajaj, Managing Director of Revolution Capital Group.