SSG Acts as Placement Agent for Tenere Acquisition
March 19, 2013
SSG Capital Advisors has announced that it acted as the exclusive investment banker to Watermill Group in the placement of a financing package to fund its recent acquisition of Tenere. Tenere is a designer and fabricator of metal and plastic parts and assemblies. SSG worked with Watermill, a Boston-based PE firm, to negotiate a transaction structure that included a senior working capital revolver as well as a senior term loan. SSG also helped source a capital expenditure line. The total financing package was $32 million.