goetzpartners advised FLABEG Group

goetzpartners advised FLABEG Group – the European market leader in the automotive glass sector – and its owner CORDET, on raising financing to initiate a comprehensive transformation aimed at increasing the FLABEG Group’s competitiveness, as well as repositioning itself to remain continuously able to address an ever-changing market environment.

goetzpartners acted as sole financial advisor to both CORDET and FLABEG and provided fundamental support during the entire financing process including Debt Advisory, Restructuring & Performance Improvement services and Commercial Due Diligence. To address the ever-changing market environment, a sustainable transformation concept including the implementation of operative turnaround measures was prepared. Access to goetzpartners comprehensive and unrivalled network of financiers, allowed a competitive debt solution to be constructed.

This transaction highlights our competence as a financial advisor in complex financing solutions for the European market.

About FLABEG Group
The FLABEG Group is the European market leader in the automotive glass sector with a 140-year history. FLABEG’s deep technological expertise has resulted in efficient and accurate coating and bending of glass, while continuous investment in innovative technology allows the Company to further develop optimal solutions for the widest range of glass and mirror applications worldwide.

About CORDET
CORDET is an alternative credit investor, providing bespoke financing solutions to lower mid-market companies across Northern Europe. CORDET’s first investment in FLABEG was in 2016 and it remained a long-term partner to FLABEG and the management team through challenging periods including the insolvency of FLABEG in 2020.

Transaction team:

Debt Advisory team:
Sebastian Achleitner
Director
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David Dörsam
Associate

Transformation team:
Dr. Christian Dietrich
Partner
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Tobias Paßberger
Manager