Global law firm White & Case LLP advised the lenders in Deutsche Beteiligungs AG's acquisition of Spheros Group from financial investors Baird Capital Partners and Capcellence. In total, five banks – Commerzbank Aktiengesellschaft, HSH Nordbank AG, IKB Deutsche Industriebank AG, Norddeutsche Landesbank Girozentrale and Raiffeisenbank International AG – participated in the financing and made a working capital facility available. HSH Nordbank AG acted as the facility agent.
Spheros Group is one of the global market leaders in the development and manufacture of engine-independent heating systems, water pumps, air conditioners and roof hatches for buses. It has 640 employees in 18 locations worldwide and generated revenues of more than €165 million in 2010.
The team at White & Case team was led by partner Leïla Röder and comprised associates Malka Zeefe and Daniel Müller. They were supported by White & Case lawyers in Finland, Hong Kong, New York, South Africa, the United Arab Emirates and Turkey.
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