Gordon Brothers partners with Nomura to structure $ 190 million
Sydney, Sep 14, 2021 (GLOBE NEWSWIRE) – Gordon Brothers, the global advisory, restructuring and investment firm, in partnership with global financial services group Nomura, structured, organized and participated in a syndicated facility of $ 190 million to support Australian heavyweights the refinancing by earthmoving equipment company National Group of its existing credit facilities.
In addition to participating as a lender, Gordon Brothers has played several roles in supporting the syndicate lenders. The company has been independently mandated by the lenders to appraise over 250 assets and provide expertise in structuring a bespoke asset-based facility in close collaboration with the syndicate’s other lenders.
“We are delighted to support our partner Nomura in this multi-faceted transaction,” said Matt Aubrey, Managing Director of Gordon Brothers. “Our in-depth understanding of assets, combined with our experience with asset-based lending and our collaborative approach, provided a tailor-made financing package tailored to the National Group structure. “
“Gordon Brothers has been instrumental in supporting Syndicate Lenders to provide optimal refinancing to support our business,” said Mark Ackroyd, CEO of National Group.
“Gordon Brothers’ asset knowledge and proven track record has allowed us to confidently structure a bespoke financing solution for National Group,” said Stephen Allan, Managing Director of Nomura. “We are delighted to have had the opportunity to work with Gordon Brothers on this refinancing. “
Please contact Matt Aubrey at [email protected] for more information.
About the Gordon brothers
Since 1903, Gordon Brothers (www.gordonbrothers.com) has been helping lenders, operating executives, advisors and investors advance change. The company brings a powerful combination of expertise and capital to its clients, developing customized solutions on an integrated or stand-alone basis in four service areas: appraisals, disposals, operations and investments. Whether it’s to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commerce and industrial sectors to get the most out of their assets. Gordon Brothers conducts more than $ 70 billion in disposals and appraisals annually. Gordon Brothers is headquartered in Boston and has more than 30 offices on five continents.
Nomura is a global financial services group with an integrated network spanning over 30 countries. By connecting the East and West markets, Nomura meets the needs of individuals, institutions, businesses and governments through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking) and Investment Management. Founded in 1925, the company has a tradition of disciplined entrepreneurship, serving its clients with creative solutions and thought leadership. For more information on Nomura, visit www.nomura.com.
About the National Group
The National Group includes leading companies in the mining, resources, transportation and logistics sectors. The National Group is a leading supplier of large and extra-large heavy and auxiliary earthmoving equipment (including ultra class) to the mining industry in Australia.