EQT Credit finances Spanish automotive parts firm Metalcaucho

EQT Mid-Market Credit fund announced on January 2, 2018, that it has provided a new financing solution to support ABAC Solutions fund and management's investment in Metalcaucho, a producer of automotive spare parts.

Headquartered in Barcelona, Spain, Metalcaucho is a key designer and distributor of non-OEM spare parts for the independent automotive aftermarket. The company supplies over 12,500 Stock Keeping Units (SKUs) across Europe. The new financing is intended to support Metalcaucho's organic and inorganic growth through continued product development and international expansion, aiming to further consolidate its leading market position.

Alexandre Hökfelt, Director at EQT Partners' Credit team, stated: "Under ABAC's ownership, with its exceptional management team and strong product offering, Metalcaucho has achieved significant growth and development in a short period. EQT Credit is excited to support the company and its management team as it continues its impressive track record of growth and expansion."