# The Packaging Group completes refinancing to expand production

The Packaging Group (TPG), a portfolio company of HQ Equita, completed a refinancing with Commerzbank and OLB. The financing will support extending one production facility and building a third greenfield facility, as well as investments in sales and R&D.

- Type: Investment
- Announced: 2019-01-16
- Where: Germany
- Status: completed
- Products: packaging machines for dry bulk materials
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Packaging Holdings](https://endata.com/companies/10450.md)
- [HQ Equita](https://endata.com/companies/2253.md) (investor)
- [Commerzbank AG](https://endata.com/companies/25570.md) (partner)
- [Oldenburgische Landesbank](https://endata.com/companies/36813.md) (partner)

## Sources

- [nexx-capital.com](https://www.nexx-capital.com/en/2019/01/22/hq-equita-supports-the-packaging-group-in-successful-refinancing/), 2019-01-22: "The refinancing permits us to accelerate the planned further development."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.