Global law firm White & Case LLP has advised a group of banks including SEB AG and DekaBank Deutsche Girozentrale as arrangers on the financing for the acquisition of energy supplier Ferngas Nordbayern GmbH and its high-pressure natural gas grids.
The former E.ON subsidiary has been acquired by the European Diversified Infrastructure Fund of First State Investments, the global asset management business of the Commonwealth Bank of Australia.
The Ferngas Nordbayern acquisition is the first investment by First State Investments in Germany. The debt financing replaces equity bridge financing following cartel clearance.
The White & Case team was led by partner Florian Degenhardt and included local partners Matthias Bochum and Veit Sahlfeld, associates Matthias Grigoleit, Dr. Carsten Lösing (all Hamburg) and Dr. Charlotte Kreuzberg (Munich), local partner Dr. Florian Wesche and associate Dr. Tobias Woltering (both Düsseldorf) as well as counsel Alexander Born (Frankfurt).
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