Leumi ABL provides €101m refinancing to bulk transport firms

Specialist asset-based lender Leumi ABL has provided a €101 million refinancing package to Oxalis Logistics Group and Tank und Silo Group, two European bulk transport providers owned by AUCTUS Capital Partners AG, a Munich-based private equity firm.

The refinancing will support the continued growth of both companies, which specialise in bulk road transportation of products such as fuels, gases, bitumen, and heating oils across Europe.

The facility comprises a Receivables Facility and a Multi-Asset Revolving Credit Facility, structured as a multi-jurisdictional ABL hybrid solution. Leumi ABL developed the package following a series of meetings with AUCTUS representatives in the UK and Germany.

According to John Walsh, Regional Sales Director for Yorkshire and the North East at Leumi ABL, the financing reflects the lender’s capability to deliver complex, cross-border asset-based lending solutions within tight timeframes.

“The two groups are market leaders in Germany and the UK for last-mile logistics of mineral oils and related products,” Walsh said. “Leumi ABL are delighted to support AUCTUS and the businesses as they drive further Pan-European organic growth and M&A activity via this flexible, multi-jurisdiction ABL facility.”

Niklas Janßen of AUCTUS Capital Partners said the Leumi ABL team demonstrated flexibility in tailoring the financing solution to the specific needs of the portfolio companies.

“The team at Leumi ABL impressed with their flexible approach, leveraging their expertise across product groups to form a multi-jurisdictional, tailor-made solution,” Janßen said. “This partnership will continue to evolve alongside the needs of the group and our M&A aspirations.”

From an operational perspective, both companies reported strong recent performance.
Allan Davison, representing Oxalis Logistics Group, said the company had grown both turnover and profitability over the past year.

“This refinancing package provides a further enabler to meet our long-term strategic growth objectives, increasing our market share across all business segments and providing increased flexibility and value to our customers,” he said.

Richard Krüger of Tank und Silo Group added that the deal represents a significant milestone.

“It enables us to pursue our ambitious growth plans, expand our market presence in Germany and beyond, and at the same time strengthen our high standards of safety and reliability,” Krüger said.