Houlihan Lokey Advises Secop

Houlihan Lokey is pleased to announce that Secop Group Holding GmbH (Secop), a portfolio company of ESSVP IV funds (advised by Orlando Management AG, or "Orlando"), has completed a successful debt refinancing. The transaction closed on 28 July 2020.

Secop is a leading global manufacturer of refrigeration compressor solutions focused on the light commercial market segment. Headquartered in Flensburg, Germany, the company was founded in 1956 and acquired by funds that were advised by Orlando in September 2019 via a carve-out from Nidec Corp. The initial transaction was all-equity financed with a view to refinance the transaction within the first 12 months post closing. Despite challenging market conditions, Secop achieved a successful refinancing that puts the group on a very sound financing structure, which supports further growth of the business.

Exclusively advised by Orlando, ESSVP IV is a leading private equity fund with an investment focus on companies in complex buyout situations. The fund family has many years of transaction and value-creation experience and understands itself as a shareholder with the ambition and stamina to support management teams to develop its portfolio companies into sustainable, market-leading organisations and create long-term value for all stakeholders involved.

Houlihan Lokey served as the exclusive financing advisor to Secop.