Herter & Co. has been advising the LEONI Group as financial advisor since the end of 2021 on the financial restructuring and reorganization of the Group’s financing in the amount of approximately € 2.3 billion. After the Nuremberg-Fürth Regional Court dismissed all appeals against the plan confirmation decision of the Nuremberg Restructuring Court on July 17, 2023, LEONI AG’s restructuring plan has become legally binding in the largest StaRUG proceedings to date.
The restructuring plan envisages a series of measures which will significantly reduce the Company’s debt and provide additional liquidity via a capital increase. As it was not expected that all creditors would agree to this plan, it could only be implemented by applying the StaRUG.
Herter & Co. accompanied and co-organized the entire refinancing and restructuring process as Sole Financial Advisor of the LEONI Group and supported the negotiations with the various parties.
LEONI Group is a global provider of products, solutions and services for power and data management in the automotive industry. The Group employs around 95,000 people in 27 countries and generated consolidated sales of around € 5.1 billion in 2022.
Herter & Co. is a leading financial advisory firm in the field of credit in Germany and beyond. For 11 years, we now advise with a team of more than 20 employees in the areas of corporate borrowing, private equity and real estate as well as financial restructuring.
Market: Holding