3i-backed ATESTEO Allocates €70 Million Refinancing

July 8, 2016

The refinancing consists of a €45 million Term Loan B Facility and €25 million Revolving Credit/Capex Facility.

On June 28, it was announced that 3i-backed ATESTEO has successfully allocated a €70 million all-senior debt refinancing, consisting of a €45 million Term Loan B Facility and a €25 million Revolving Credit/Capex Facility.

Germany-based ATESTEO GmbH is an independent service provider of drivetrain testing with 450 employees and more than 120 drivetrain test benches in Germany and China. Its customers include virtually all manufacturers of cars and transmissions. The company offers quality assurance through efficient durability testing and functional examinations of manual and automatic transmissions, differentials and hybrid electric powertrains.

3i is an investment company focused on private equity, infrastructure and debt management, specializing in core investment markets in northern Europe and North America.

The deal was handled by partners Jan Wilms and Mario Schmidt; national partners Jasmin Dettmar and Verena Etzel; and associates Daniel Zakrzewski, Christopher Clerihew and Martin Waskowski.