Leonardo Antunes
BroadSpan Capital
White Solder
Deal Type
Unknown
Sector
Energy & Sustainability
Completion Date
15th January 2016
Deal Value
Not disclosed
Company Background
Founded in 1999 and headquartered in Ribeirão Preto, in the Brazilian State of São Paulo, White Solder engages in the mining, production, and selling of industrial minerals. The company is the only player in the Brazilian market to cover the entire tin chain, from ore extraction to the production of high value-added products. White Solder product portfolio comprises lead-free solder and tin-lead solder, pure tin, flux/diluents, patent metal, solder past, cleaners, among others. It has a production capacity of around 4,000 tons per year.
Deal Summary
On January 2016, the company successfully raised R$100MM (US$25 MM) funding in an equity capital raise, as well as an issuance of a convertible debt, and a non-convertible debt. The convertible debenture is BRL denominated, bullet with a 6% coupon and maturity in December 2020. The non-convertible loan is also in BRL but with 15% coupon. After the debt conversion, RCF' total stake in the company will be 27.18%. The amount raised will be used to debt refinancing purposes and to capture new business opportunities that require funding for working capital or capital expenditure.
Value Added
BroadSpan acted as exclusive financial advisor to White Solder on the capital raise with RCF. BroadSpan managed to structure a less equity dilutive transaction with a low cost of capital for White Solder shareholders through this deal structure.
White Solder deal contacts
Key members of the BroadSpan Capital deal team crucial in the White Solder transaction
Latest Mergers Alliance News
Opus Corporate Finance (UK) advises Swiss Life Asset Managers on its partnership with Planet Farms
Dresner Partner, (USA) advised Therafin Corporation on its partnership with Altimatemedical
Khronos Advisory (Thailand) has advised Electricity Generating Public Company Limited (EGCO) on USD95 million capital increase in PT Chandra Daya Investasi
Dresner Partners (USA) advised Connoisseurs Products on its sale to Willert Home Products
Ethica Group (Italy) advised Vicenza Mode, high-end knitwear manufacturer, in the sale of a majority stake to Sienna PE
