Debt Finance

Lender-side experience:

• Advised a syndicate of banks and financial institutions on the financing of the acquisition of Siemens Energy's Trench business by private equity sponsor Triton. This was followed by a comprehensive refinancing of Trench's existing debt capital structure. (2024/2025)
• Advised a bank syndicate of initial purchasers, led by Deutsche Bank and J.P. Morgan SE, on the issuance of various financial instruments by Mangrove LuxCo III S.à r.l. and its subsidiaries for the early and full repayment of Kelvion's existing restructuring liabilities. (2024)
• Advised the lenders, led by Citibank, on the repricing of a recycling services provider Befesa S.A.'s term loan B. Previously advised a syndicate of banks on financing of Befesa S.A., including the latest extension and increase, consisting of a €650 million secured term loan. (2024-2025)
• Advised Deutsche Bank and Morgan Stanley on the committed financing provided to SES S.A. (SES) for its US$3.1 billion (€2.8 billion) acquisition of Intelsat Holdings S.à r.l. (Intelsat). (2024)
• Advised Partners Group, acting on behalf of its clients, and Investec Bank (Switzerland) AG on the financing of Duke Street LLP's (Duke Street) acquisition of ForLife Group (ForLife). (2024)
• Advised the unitranche and revolving lenders on financing Thoma Bravo's acquisition of a majority stake in USU Product Business. (2024)
• Advised a syndicate of 14 banks and financial institutions from Europe, North America and Asia-Pacific on the refinancing of Renk Group's existing facilities and existing bonds. (2024)
• Advised Deutsche Bank and Partners Group, acting on behalf of its clients, on the financing of the acquisition of a majority stake in Aqseptence Group (AQS) by funds managed by Oaktree Capital Management, L.P.'s Power Opportunities Group. (2023)
• Advised JP Morgan on the financing of the public takeover offer for Deutsche Euroshop AG by Oaktree and Cura. (2022)

Sponsor / Borrower-side experience:

• Advised the Austrian BENTELER Group, a global supplier in the automotive, energy, and machinery sectors, on a €2 billion refinancing for the full repayment of the Group's existing liabilities under its 2023 financing. (2025)
• Advised Castik Capital S.à r.l on the debt financing to partially finance the acquisition of WATR Group, a leading group of water management specialists in Germany and the Netherlands. (2025)
• Advised CVC DIF on its acquisition of a 49 percent stake in BALANCE Erneuerbare Energien (BALANCE), the biogas subsidiary of Leipzig-based gas group VNG AG. (2025)
• Advised Deutsche Lufthansa AG (Lufthansa Group) on a €2.5 billion revolving credit facility with a five-year term and two extension options of one year each. Previously advised Lufthansa on its €2.0 billion revolving credit facility. (2022-2024)
• Advised LFH Portfolio Acquico SARL on the acquisition of a real estate portfolio comprising approximately 5,200 residential units in Germany from Peach Property Group AG and the partial resale and re-investment into Globe Trade Centre S.A. (2024)
• Advised Groupe BPCE on the acquisition of the activities of Société Générale Equipment Finance (SGEF), one of the leading European providers of industrial equipment lease financing. (2024)
• Advised the international private equity investor Battery Ventures (Battery) and its portfolio companies on numerous acquisition financings, including:
  • steute Technologies GmbH & Co. KG (steute), a developer and manufacturer of switches, sensors and other products for medical and industrial applications. (2024)
  • the entire capital and voting rights in French fleet management platform Optimum Automotive Group. (2024)
  • Vimcar and Avrios, DACH-based software companies. (2022/23)
  • ifp Institut für Produktqualität GmbH, a German foodtech company. (2021)
  • Easy Software AG by way of public takeover offer. (2020)
• Advised Norvestor IX SCSp, a fund advised by Norvestor Advisory (Norvestor), on financing the acquisition of a majority stake in glueckkanja AG, a cloud managed services provider and Microsoft partner, from Primepulse SE. (2024)
• Advised Faurecia on the German financing aspects of the public takeover offer for Hella GmbH & Co. KG (HELLA) and the acquisition of 60 percent of HELLA's shares currently held by the family shareholder pool. (2021)
• Advised EIG Global Energy Partners (EIG), a US-based investor in the global energy and infrastructure sectors, on the commitment from EIG managed funds of €135 million for ib vogt GmbH's global solar pv portfolio

Restructuring experience:

Advised certain portfolio companies of private equity sponsors, as well as lenders to such portfolio companies in financial restructurings. Some of the highlights include:

• Advising wefox Holding AG on their financial restructuring. (2025)
• Advised Adler Group S.A. on various transactions and financing related to a US$3.5 billion real estate portfolio, including on:
  • its tender offer, refinancing and consent solicitation of its €300 million outstanding senior secured notes, issued by its wholly-owned subsidiary ADLER Real Estate GmbH. (2025)
  • approximately €700 million refinancing of the 1.5L bonds issued by ADLER Financing S.à r.l. (Financing SPV), a special purpose vehicle not affiliated with Adler Group, and a corresponding interest rate adjustment between Adler Group and Financing SPV. (2025)
  • the sale of its real estate portfolio in western Germany. (2025)
  • the sale of a majority stake in its Cosmopolitan Portfolio, located in North Rhine-Westphalia, to Orange Capital Partners and One Investment Management Ltd. (2025)
  • the agreement with a steering committee of bondholders supporting a comprehensive recapitalization of the Group. The deal won Impact Deal Award at 2025 IFLR Europe Awards. (2024)
  • the sale of the Wasserstadt rental portfolio located in Berlin to a real estate investor advised by Quantum. (2023)
  • the financing commitments for a new secured debt financing of up to €937.5 million to stabilize operations and capital structure, and a lock-up agreement signed by a steering committee of bondholders which provides for support in changing the terms and conditions of the various bonds issued by Adler Group with an aggregate nominal amount of €3.2 billion (2022/23)
  • €3.643 billion bridge financing in connection with the public takeover offer for ADLER Real Estate AG and the business cooperation with Consus Real Estate AG (2019/20)
  • the sale of a real estate portfolio with net proceeds of €170 million (2022)
  • the sale of a €1.05 billion real estate portfolio to international investment company KKR and German real estate specialist Velero (2022)
  • the sale of approx. 7 percent of the shares in Brack Capital Properties N.V. to a subsidiary of LEG Immobilien SE (2021)
  • the sale of a €1.3 billion real estate portfolio to LEG Immobilien SE (2021)

Fast Growth/M&A

• Advised Noteus Partners (Noteus) and Sofina on their investment in Scalable Capital's equity financing round with €155 million raised. (2025)
• Advised the Swiss-headquartered digital lending platform Teylor AG on the acquisition of Grenke AG's factoring business, a global financing partner for small and medium-sized enterprises (SMEs). Previously also advised Teylor on the acquisition of the business operations of its competitor Creditshelf AG including Creditshelf Solutions GmbH. (2024-2025)
• Advised commercial and industrial decentralized energy solutions provider ENVIRIA Energy Holding GmbH (ENVIRIA) on a capital commitment of over US$200 million from BlackRock through its Global Renewable Power Fund IV. (2024)
• Advised Enpal GmbH (Enpal) on numerous transactions, including on:
  • its €110 million financing. (2024)
  • the structuring, negotiation, signing and completion of the first tranche of Equitix and Keppel Infrastructure Trust's investment in one of Enpal's energy system portfolios. (2024)
  • its Series D equity financing with €215 million proceeds. (2022/23)
  • its US$174 million Series C financing round at a valuation of above USD 1bn (post-money). (2021)
• Advised wefox Holding AG, a leading pan-European insurtech, on its numerous financings, including on:
  • its recent financial restructuring. (2025)
  • Its US$400 million Series D funding round (2022)
  • the preparation, execution and closing of its US$650 million Series C financing. With a post-money valuation of US$3 billion, wefox is one of the highest valued InsurTechs (2021)