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FCDE, supported by Kartesia with unitranche financing, acquired Kermel Group from Qualium Investissement. Kermel, based in Colmar, France, produces high-performance technical textile fibre for fire-resistant protective garments.
HIG WhiteHorse arranged a €73 million refinancing package for Kermel, a technical fibre manufacturer for flame and heat resistant clothing. The package includes unitranche and capex facilities to refinance existing debt and provide growth capital for capacity expansion.
| Site | Largest | Latest |
|---|---|---|
| France | $86.0M | 2021-09-15 |