Bär & Karrer advises United Grinding Group on credit facility

Bär & Karrer advised Swiss manufacturer United Grinding Groupon a EUR 800 million acquisition and working capital credit facility regarding the financing of the acquisition of the GF Machining Solutions business unit of Georg Fischer. UBS Switzerland worked as mandated lead arranger, sole underwriter, bookrunner, agent, security agent and original lender on the operation.

The parties

UGG is a specialist in the areas of grinding, eroding, laser, and measuring machines as well as machine tools for additive manufacturing.

GF Machining Solutions is active in the field of precision componentry for tools manufacturers, as well as the mold-making industry. Their portfolio includes milling, EDM, laser texturing, laser micromachining, and additive manufacturing machines.

The team

The Bär & Karrer team advising United Grinding Group on the matter was led by partners Ralph Malacrida (pictured right) and Faton Aliu (pictured left), along with associates Tim Salz and Jorgos Boulamatsis (all financing).

flavio.caci@lcpublishinggroup.com

SHARE