Dimplex
Squarefield acted as exclusive financial advisor to Dimplex on the resetting of its bank financing
In May 2024, our client Dimplex Garten GmbH (“Dimplex” or the “Company”), one of the leading companies in the garden wood industry, signed the resetting of its bank financing, via adjusting the existing facilities as well as the security package. Squarefield acted as exclusive capital advisor to Dimplex and arranged a competitive bank financing package provided by a syndicate that is led by VerbundVolksbank OWL and supported by Commerzbank and Sparkasse Paderborn-Detmold-Höxter.
Dimplex
Founded in 1991, Dimplex is one of the leading companies in the garden wood industry, which has been active in the European market for over 25 years. Their customers benefit from many years of experience and a wide product range. The Company has around 500 employees at their locations in Germany and Poland, which produce and sell innovative products made from natural wood. In addition to garden wood products, Dimplex also sells fuels in the form of RUF briquettes and pellets.
The Company’s central warehouse has a total area of over 35,000m². Around 6,000 truckloads of garden products are delivered from there each year. Customers include well-known wholesalers, DIY stores, and cooperative partners. The Company is headquartered in Bad Lippspringe, Germany.
Paul Lawniczak – owner of Dimplex“Squarefield played an essential role in the resetting of Dimplex’s bank financing. The aim was to retain the existing relationship banks whilst allowing the Company and the owner to benefit from improved conditions. Squarefield delivered in all aspects creating a win-win situation for all the parties involved.”