Natixis Partners advised Stirling Square Capital Partners on the refinancing of Vernet Group’s Unitranche debt with banks and senior debt funds

Vernet Group designs, manufactures and sells high-end thermostatic solutions, based on a unique wax-thermal transducer technology, that turns heat into motion. The products developed by Vernet Group are sold to a wide range of end-markets with (i) Home & Building: sanitary, heating, ventilation; (ii) Power Energy: Heavy-duty (Truck, Off-road, Agriculture), Aerospace & Defense, Industrials, Automotive OEM and (ii) Aftermarket Distribution: Car, Truck and Heavy-Duty. Vernet Group benefits from leading worldwide positions in each market segment thanks to a strong and recognized value proposition, notably based on cutting edge innovation and co-development capabilities, product performance and reliability and a high service level Majority shareholder of the Vernet Group, Stirling Square Capital Partners refinanced its existing unitranche debt with a senior debt underwritten by a pool of banks and debt funds. Natixis Partners advised Stirling Square in the context of raising bank financing for the refinancing of the existing debt of the Vernet Group.