IGM Resins has received €25m in unitranche loan from H.I.G. WhiteHorse, a credit affiliate of global investment firm H.I.G. Capital.
The funds were used to refinance an equity capital bridge facility invested to fund a strategic acquisition by the company in Italy.
IGM Resins president John Huiberts said: "This transaction provides IGM Resins with the flexibility to integrate its latest acquisition and build on its current market position.
"H.I.G. WhiteHorse has been supportive and demonstrated a high degree of flexibility and pragmatism in providing us with a solution that suited our requirements."
With close to 570 employees, IGM Resins produces chemical components used in the ultra violet curing of coatings, inks and adhesives across a wide range of end-user applications from food packaging, wood coatings, coatings for electronic applications besides many others.
The company is majority owned by Arsenal Capital and has operations across Europe, the US, China and Brazil.
H.I.G. WhiteHorse managing director Haseeb Aziz said: "This transaction demonstrates H.I.G. WhiteHorse's ability to tailor a bespoke, flexible and deliverable debt package which works well for a broad range of stakeholders, including existing asset based lending facilities.
"With its strong balance sheet, and a more efficient capital structure, IGM Resins is now well placed to exploit potential growth opportunities and we look forward to supporting its future success."
The funding is an addition to the company's existing local asset based lending facilities.
