H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $74 billion of capital under management, provided a new first lien, senior-secured credit facility to Büter Group, a portfolio company of NPM Capital ("NPM"). 

Based in Emmen, the Netherlands, Büter is a manufacturer of hydraulic cylinders and hydraulic lift solutions. The Company provides customized hydraulic cylinders to Original Equipment Manufacturers of low- to mid-volume off-highway vehicles and vehicle attachments used across the agriculture, construction, and material handling sectors. Its hydraulic lift solutions deliver bespoke, one-off systems for rail customers and customers in various other industrial markets.

Faas van Engelen, Director Capital Markets of NPM, said: "We are very pleased with the acquisition of Büter and appreciative of the important role H.I.G. WhiteHorse played in the financing of the transaction. The swift execution from signing to closing just before the holiday season showed exceptional commitment." 

Pascal Meysson, Head of H.I.G. WhiteHorse Europe, said, "Büter is a European market leader in its niche industrial segments, with a high share of wallet and strong relationships with its customers. This investment is a good illustration of H.I.G. WhiteHorse's ability to invest across a wide range of sectors, including manufacturing and industrials."