Milbank LLP advised AVS Group, a portfolio company of Triton, on the financing of its acquisition of a majority stake in the Belgian Fero Group and the refinancing of its existing syndicated credit facilities.
The new financing comprises a syndicated Term Loan B facility under English law and a revolving credit facility with a total volume of €375 million.
The Fero Group was founded in 2001 and consists of Fero Signalisatie and its affiliates Admibo, Signaroute, Signco and Safetybloc. The family-run company offers services in the areas of temporary traffic management, road marking, traffic signs, traffic management systems and maintenance of public planters and baskets. Customers include construction, utilities and telecommunications companies as well as the Belgian government. Fero employs more than 300 people at seven sites in Flanders and one in Wallonia.
The AVS Group is a leading specialist provider of road safety services for road safety projects. The company with 19 locations in Germany, 3 international locations and 745 employees is a portfolio company of Triton-Fund IV. Triton has a strong expertise in the road safety services and further invested in companies in this area across Europe, including Ramudden, Chevron TM and now, the Fero Group.
The Milbank LLP team included Thomas Ingenhoven (Picture), Suhrud Mehta (Finance, London), Thomas Kleinheisterkamp (Tax, Munich), Laura Bonamis (Finance, London), Odilo Wallner, Thomas Möller, Sebastian Trompler (all Finance, Frankfurt), Moritz Philipp (Tax, Munich).
Involved fees earner: Laura Bonamis – Milbank; Thomas Ingenhoven – Milbank; Thomas Kleinheisterkamp – Milbank; Suhrud Mehta – Milbank; Thomas Möller – Milbank; Moritz Philipp – Milbank; Sebastian Trompler – Milbank; Odilo Wallner – Milbank;
Law Firms: Milbank;
Clients: AVS Group;