Houlihan Lokey Advises The Engineered Stone Group (6)

Houlihan Lokey is pleased to announce that The Engineered Stone Group Ltd. (ES Group), an operating company of The Cranemere Group Ltd. (Cranemere), has successfully completed a €265 million refinancing of its existing debt facilities and added significant acquisition financing capacity. The transaction closed on 26 April 2021.

The Engineered Stone Group Ltd. is a global leader in the production of engineered stone bathroom products. It provides the broadest offer of brands and high-quality products, combined with a commitment to outstanding customer service and the scale to meet customer needs and invest in continued product innovation. ES Group is composed of Marmite, Acquabella, F&D Group, and mcbath. The group serves customers in 40 countries, offering branded and private label shower trays, bathtubs, basins, and panels made from engineered stone.

The company was established by Cranemere, a global holding company focused on partnering with industry-leading operating teams in essential industries to build high-quality businesses. As a pioneer in professionally managed long-term capital, Cranemere provides experience, expertise, and global networks to support the growth of its companies and create value for all of its stakeholders. Cranemere is headquartered in London and has offices in New York and Washington, D.C.

Houlihan Lokey served as the exclusive financing advisor to ES Group.