Barings and Partners Group Provide Financing to Support Rivean’s Acquisition of Wilvo
Barings and Partners Group, acting on behalf of their clients, acted as the co-lead lenders on secured credit facilities supporting Rivean Capital's acquisition of Wilvo (or "the Company"), a leading provider of engineered metal components and systems for high-tech applications. Partners Group and Barings will provide a financing package of over EUR 200 million.
Headquartered in the Netherlands, Wilvo serves a variety of OEM customers and tiered suppliers in attractive and growing industries such as semiconductor, industrial automation, medtech, textile, and agriculture. The Company is well known for its manufacturing excellence based upon the combination of its highly automated machine park and strong engineering capabilities, allowing it to solve the most complex customer problems. Wilvo employs c. 550 FTEs across its headquarters and ten production sites in the Netherlands.
The financing provided will back Rivean's acquisition of Wilvo as well as providing additional capacity to support the acceleration of the company's strategic agenda.
About Barings
Barings is a global investment manager with over $347 billion* focused on sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment.
Barings Global Private Finance offers a range of financing solutions for middle-market companies, working closely with Private Equity sponsors, and has over $34 billion assets under management.
*Assets Under Management as of 30 September 2023
About Partners Group
Partners Group is a leading global private markets firm with USD 142 billion in assets under management as of 30 June 2023. Since 1996, the firm has invested USD 200 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally. The firm employs more than 1,800 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN).
Partners Group made its investment in Wilvo as part of the firm's direct lending strategy, which focuses on financing leading middle-market companies. Partners Group's Private Debt business has a total of USD 29 billion in AuM.
