EUR 30m

March 2017

Van 't Hek

Optimising existing financing agreement through Amend & Extend

  • Van 't Hek Groep is a family owned all-round provider in the field of foundation techniques;
  • After some difficult years, the financial performance had improved considerably resulting in a situation where the financing package did no longer match nor reflect Van ‘t Hek’s significantly improved credit profile and strategic ambitions;
  • In 2016 Avaxa was engaged by Van ‘t Hek to assist in refinancing its existing financing package with its longstanding incumbent bank Rabobank;
  • Avaxa performed financial modelling, benchmarked the existing terms & conditions to identify improvement potential for Van ‘t Hek, composed a Request for Amendments that was put forward to Rabobank, supported in negotiations with Rabobank and coordinated the entire process towards closing; and
  • Through the refinancing Van 't Hek significantly improved terms and conditions including enhanced operational and financial flexibility, allowing it to pursue its strategy of further growth.