GCA becomes part of Houlihan Lokey


Transaction Details

October 16, 2020


Industrials and Industrial Technology

Deal Type

Debt Advisory

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GCA Advised Paragon Partners on Financing for Castolin Eutectic

GCA advised Paragon Partners on refinancing for the acquisition of Castolin Eutectic, a leading global provider of wear-protection and repair solutions for industrial equipment, from the Messer Group.

Castolin Eutectic provides a full range of consumables, equipment and services for welding, brazing and coating technologies. In six plants across the globe, Castolin Eutectic provides products that are used in maintenance and repair jobs by its own service teams and over 40,000 customers in approximately 50 industries such as machinery and tool building, oil and gas, steel, mining, cement, glass, power generation and agriculture. Active for more than 100 years in the maintenance and repair business, the Castolin Eutectic brand is known for outstanding technical competence and quality.

GCA advised on the refinancing following Paragon Partners’ acquisition of Castolin Eutectic from the Messer Group. The financing structure reflects the company’s global setup by providing multi-currency loans, bilateral factoring and credit lines enabling flexibility in day-to-day business.

Dr. Edin Hadzic, Co-founder and Managing Partner of Paragon Partners, stated: “Castolin Eutectic is the go-to place for industrial wear-protection and repair. We are delighted to welcome this industry champion to the Paragon family and are looking forward to supporting the firm through its next phase of development.”

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