Apera supports investment by H.I.G. Capital’s Infratech/comcross Group (ICG) into Schwan

Apera Asset Management (“Apera”), a pan-European private debt investor in the mid-market space, proudly announces the arrangement of an additional debt facility to the existing financing of Infratech/comcross Group (“ICG” or the “Company”). The new debt facility supports the investment by funds advised by H.I.G. Capital (“H.I.G.”) in Schlosserei Schwan Stahl und Metallbau GmbH (“Schwan”) as strategic add-on acquisition to its portfolio company ICG.

Infratech/comcross Group is a leading provider for complex fiber-to-the-home (“FTTH”) networks and 5G mobile infrastructure in Germany. With more than 460 employees and 10 locations across Germany, the Company provides its customers with full turnkey solutions covering the entire value chain for high-performance digital infrastructure solutions. 

The initial financing of Infratech had been tailored to support the Company’s organic growth as well as potential acquisitions. After providing additional financing for the comcross acquisition, Apera now provided an additional unitranche acquisition facility for the Schwan add-on acquisition.

Schwan was founded in 1966 and has long-standing experience in planning and build-up of mobile network solutions. Key focus of the company is its in-house developed mobile radio trailer providing its customers with a flexible and efficient network coverage solution. Schwan is based in Gladbeck, Germany, and currently employs c. 80 people.

Holger Kleingarn, Managing Director at H.I.G. Capital, said: “We very much appreciate the further financing support provided for the Schwan acquisition by Apera. We especially value the swift and flexible execution of the financing process and the trustful relationship.”

Klaus Petersen, Partner at Apera Asset Management, said: “We are very glad about the great development of Infratech/comcross Group and the possibility to support this acquisition by the Company. Schwan further diversifies and strengthens the product portfolio of the Group and we are looking forward to continuing our support for H.I.G. and the Company.”

You can download a PDF of the press release here

About Apera

Apera is a pan-European mid-market private debt investor operating in the UK, the DACH region, the Nordic region, France and Benelux. The firm develops long-term partnerships with private equity investors, SME borrowers, and advisors by providing tailored financial solutions that meet both the operational needs and growth objectives of clients, whilst producing attractive returns. Apera is focused on bringing a new standard of transparency to the private debt market.