EUR 58m

January 2023

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Van Tilburg-Bastianen

Refinancing existing financing and expanding financing package for purchase of real estate and acquisition

  • In September 2022, Avaxa was appointed by Van Tilburg-Bastianen Group (“TB Group”) to support it in refinancing its existing financing, expanding its financing package for the purchase of new (dealer) real estate and the acquisition financing to acquire Allers Automotive. The other bilateral facilities will remain in place;
  • TB Group, as a second and third-generation family business, is active as a service provider in the automotive industry (with the brands Audi, Volkswagen, Skoda and Seat) and as a DAF truck dealer, where it plays a role in the entire chain with new/used vehicles, workshops, parts, and rental. Based on its history, TB has a strong position in Brabant for its automotive brands and has become a top 3 player for DAF trucks in both the Netherlands and Poland. With the acquisition of Allers Automotive, TB Group further expands its position as leading DAF dealer in the Dutch market while becoming the market leader. Additionally, the acquisition provides the opportunity to expand with a first dealer location in Germany;
  • Based on the strategy, financial forecast, the acquisition of Allers Automotive and new dealer real estate, Avaxa substantiated the financing need and the required debt quantum. A sustainable and future-proof financing structure was then developed, including a complete information package and a go-to-market strategy;
  • We are proud to announce that we Avaxa was successful in arranging financing with Rabobank and DFM, which will provide TB Group with the financing to carry out its planned acquisitions. As a result, TB Group now has a future-proof financing structure in place with operational and financial flexibility and sufficient financial headroom at attractive conditions for the coming years; and
  • Through tight process management, active stakeholder management and short communication lines by Avaxa in all phases of the refinancing process, this transaction was brought to a successful conclusion early 2023.