GLAS appointed on financing for H.I.G. Capital’s acquisition of TERRAS Group

GLAS was appointed on the financing for H.I.G. Capital’s acquisition of a majority stake in TERRAS Group, a leading Germany-based provider of infrastructure engineering and construction services across the mobility, energy, digital infrastructure, water and urban development sectors in the DACH region.

The GLAS team in Germany acted as Facility Agent and Security Agent on the €570 million financing package, comprising a €470 million Term Loan B and a €100 million Revolving Credit Facility, helping facilitate the acquisition and positioning TERRAS Group for its next phase of growth.

The acquisition marks an important milestone in TERRAS Group’s growth journey. Backed by H.I.G. Capital, the company is well positioned to build on its strong market position and benefit from increasing demand for infrastructure investment, digital connectivity and energy transition projects across the region.

About H.I.G. Capital

H.I.G. Capital is a leading global alternative investment firm with $75 billion of capital under management. Founded in 1993, the firm provides debt and equity capital to middle-market companies and has invested in and managed more than 400 companies worldwide.

About TERRAS Group

Founded in 2014 and headquartered in Montabaur, Germany, TERRAS Group is a leading infrastructure engineering and construction platform delivering civil infrastructure solutions spanning regional infrastructure, rail construction, specialty foundation engineering and related engineering services across the DACH region.

About GLAS

Founded in 2011, GLAS is a leading independent global provider of debt administration services. As a non-lender and conflict-free firm, GLAS supports both private and public credit markets, distinguishing itself through its expertise, reliability and independence.

With over $920 billion of assets under administration, GLAS is headquartered in London and has an established international presence, with offices in the United States, France, Germany, Spain, Italy, the United Arab Emirates, Singapore, Hong Kong and Australia.

For further information, please contact: media@glas.agency.