Barings Global Short Duration High Yield Fund leads financing for Surgical Precision Instruments
BGH•Barings Global Short Duration High Yield Fund led senior secured financing for Surgical Precision Instruments, supporting two acquisitions, refinancing existing facilities and adding growth capacity; SPI reported more than 500 employees and sales approaching €100 million.
1. Financing supports acquisitions
Barings Global Short Duration High Yield Fund acted as lead lender on senior secured financing for Surgical Precision Instruments, which is backed by Gilde Healthcare. The financing supported SPI’s acquisitions of Hermann Medizintechnik and BENTEC Endoscopy, refinanced existing facilities and added capacity for growth. SPI reported more than 500 employees across seven DACH sites and sales approaching €100 million following the transactions.
