MDW Capital completes its first post-Brexit European deal


MDW Capital is delighted to announce the completion of its first deal of 2021.  The firm advised YLDA S.p.A. on arranging €45 million of new debt facilities.


Headquartered in Italy and with operations across three continents, YLDA is both a leading developer and manufacturer of high-quality portable toilets and equipment for the cleaning service, and Italy’s largest portable toilet service, with over 45,000 units available for deployment.  In recent years, the business has grown its rental operations in Italy, as well as significantly enhancing its American manufacturing and French rental businesses.  Further additional expansion is planned. 


YLDA demonstrated its strong resilience in 2020, delivering strong performance and reinforcing its position as market leader in Italy.


With financial markets’ uncertainties driven by COVID 19 and recognising MDW Capital’s exceptional track record of securing debt packages regardless of the prevailing conditions, YLDA engaged MDW Capital to be sure of securing a best in class financing package.


YLDA Chairman, Paul Bowtell, commented “Despite the pandemic, YLDA was having a very strong year in 2020. However, the wider impact of the pandemic meant strong financial performance in an uncertain world was not necessarily enough to guarantee our desired financing outcome. MDW Capital’s combination of experience gained as borrowers and shareholders, and through a number of credit cycles, made them stand out as our chosen partners.  They clearly understood the wider needs and objectives of both the company and our shareholders and their expertise in navigating the financing markets, understanding at pace our business’ key strengths and strategic imperatives was second to none.  They showed real skill in articulating our story to lenders in a manner that highlighted our core attributes while also anticipating any risks and concerns.  Despite the pandemic, MDW Capital’s approach delivered a fantastic outcome”.


David Culpan, Managing Partner at MDW Capital concluded “the global pandemic continues to create uncertainty for all providers of capital.  This underlines the importance of partnering with an advisor who builds a deep commercial understanding of clients’ a businesses and, with that, how best to articulate its credit story.  It is on these foundations that MDW Capital has built its track record of successful financing completions through multiple credit cycles, consistently exceeding expectations.  We hope this is the first of many deals that the firm will complete in 2021.”