Shearman & Sterling advised Muzinich & Co on the financing of the acquisition of Spindel- und Lagerungstechnik Fraureuth GmbH (SLF) by Avedon Capital Partners. The flexible financing will ensure further investment in SLF’s operations and enable further expansion in Germany and abroad.
The Fraureuth-based SLF, founded in 1993, is a niche manufacturer of specialized spindles and bearings for customers active in industries such as mechanical engineering, food & beverage, and motor and pump manufacturing.
Muzinich & Co is a privately owned, institutionally focused investment firm specializing in public and private corporate credit. The firm was founded in New York in 1988 and also has offices in London, Frankfurt, Madrid, Manchester, Milan, Paris, Dublin, Singapore and Zurich. Muzinich & Co, with more than US$31 billion funds under management, offers a broad range of corporate credit funds across both developed and emerging markets.