Kennemervis Groep successfully closed refinancing

Squarefield acted as debt advisor to Kennemervis Groep on the successful refinancing to support further growth

On 20 May 2020, our client Kennemervis Groep (“KVG”) closed a refinancing of its capital structure and raised additional financing for the acquisition of Bobeldijk Food Group. KVG has opted for a largely asset-based financing structure. In the currently challenging market conditions, KVG has managed to secure a tailor-made debt structure at highly competitive terms in support of the company’s long term strategic plan providing ample room for further growth.

Kennemervis Groep

KVG is a leading fish processing company, part of an international family business, that serves customers with high-quality products and solutions in retail, food service, itinerant and specialty fish shops, and industry. KVG has several offices in the Netherlands and Denmark, with its service office in Spakenburg, the Netherlands.

Henny Wilpshaar – CFO of KVG:Squarefield has been instrumental in arranging this new financing package. The combination of Squarefield’s good teamwork, network and experience resulted in a solid financing package at favourable terms