Proventis Partners advised Addcon

roventis Partners was the exclusive Corporate Finance Advisor to Addcon GmbH, a German Group.

The company’s financial setup had to be restructured and improved according to new strategic requirements. The company had strong seasonal changes in terms of revenues and material cost and had therefore a need for higher working capital during certain months of the year.

Proventis Partners was responsible for Addcon Group’s restructured corporate funding, including the approach to a number of new/additional financial partners and for the final negotiation of conditions with them. A combination of factoring, working capital loans and a new credit line for material purchases secured the optimum coverage of the Group’s financial needs.