tombstone-Van-den-Bosch-Beheer-debt-equity-advisory
  • Date: August 2018
  • Client: Van Den Bosch Beheer BV
  • Sector: Furniture, Trade, Industry
  • Services: Debt advisory

Habufa refinanced its banking facilities at Deutsche Bank and ING and also raised additional growth financing.

Following the buyout of Steinhoff International in January 2018, Habufa decided to attract a future-proof financing arrangement. After a competitive process, Deutsche Bank and ING were able to offer Habufa the most appropriate financing based on LMA documentation. The financing offers Habufa sufficient scope to further strengthen its position as a major player in the international furniture sector.

Orange Corporate Finance supervised the entire process, including drafting the financing memorandum, structuring the financing, approaching the banks, coordinating the LMA transaction documentation as well as negotiating the covenants and financing conditions.

Habufa

Habufa started in 1968 as the HApertse BUis-meubelen FAbriek and is a successful producer and wholesaler with a long history in the furniture sector. In 2018, 350 employees are working in the Netherlands and thousands of workers in about forty factories, mainly located in Eastern Europe and Asia. These employees are working on the three furniture concepts and an own line of decorative items. The Henders & Hazel, Xooon and Coco Maison furniture concepts have partners throughout Europe and more than 150 stores in the Benelux, Germany, France, Switzerland and Austria.

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