Transaction

Herter & Co. advises Loewe Group on the closing of a new loan

July 08th, 2015

Herter & Co. has advised Loewe Technologies GmbH on the closing of a new 5-year loan provided by a European lender.

The new financing offers the necessary financial scope and financing security to further support the already successful growth strategy (with a new Loewe product line-up recently launched on the market) of Loewe Technologies GmbH. Furthermore, it will give the company the opportunity to consolidate and build on its leading position as  manufacturer of premium TVs and Home Entertainment System solutions  ”Made in Germany”.

“Herter & Co. supported us through the whole process, from the preparatory work, the selection and approach of potential financing partners to the structuring of the loan and  the ultimate negotiations around the final agreement”  said Mark Hüsges, Loewe Group’s CEO.

The parent company, Loewe Technologies GmbH, headquartered in Kronach, along with its international subsidiaries, is a European leader in the manufacturing of premium TVs and Home Entertainment System solutions. Founded in early  2014, the company inherited the 90-year strong Loewe brand and has since enjoyed strong market success with its premium products and systems of cutting edge technology and design.

Herter & Co. acted as Sole Debt Advisor to Loewe on this transaction.