Three Hills Capital Partners invests in Aquafil Group – Three Hills
Summary
This is a third investment for THCP which has already committed approximately 30 million to burger chain Byron (October 2013) and Italian software company Dedalus (December 2013). In the context of the deal, the primary French bank Natixis provided a senior financing instrument.Aquafil produces c. 130,000 tons of nylon fibres and polymers each year for use in textile flooring and apparel. With a presence on three continents and 15 manufacturing plants, it employs more than 2400 people in the UK, Italy, Slovenia, Croatia, Germany, the United States, Thailand and China. This month, Aquafil won the prestigious German Sustainability Award for Resource Efficiency.After 5 years of successful partnership with our previous minority partners, we saw the opportunity to consolidate the shareholding of the company through a structured financing solution. They represent perfectly what THCP is looking for in the businesses that it backs a group of highly skilled professionals that have built a market leading position in their niche thanks to a focused and innovative approach to the manufacturing process.