Shearman & Sterling advised Emeram Capital Partners on the refinancing of Boards & More. The refinancing comprised a Unitranche loan and a super senior facility. The financing structure has been tailored to provide the flexibility required for new strategic initiatives aimed to further strengthen Boards & More’s position in the market.
Founded in 2000 and headquartered in Molln, Austria, Boards & More is a global platform with market-leading positions in wind, water and mountain biking sports equipment which is distributed under the brand names Fanatic, ION, North Kiteboarding and North Windsurfing. EMERAM acquired Boards & More in 2013 and is committed to supporting the company and its management through the next stage of growth.
EMERAM, based in Munich, is an independent private equity firm for mid-cap companies in the German-speaking area. The equity for this transaction was provided by funds advised by EMERAM Capital Partners to drive the development of companies, drawing upon a fund volume of €350 million. EMERAM focuses on long-term business development partnerships in five industry sectors: consumer goods, retail, industrial goods, business services and healthcare. Shearman & Sterling recently advised EMERAM on the financing of the acquisition of Piz’Wich.