Herter & Co. – Teneo Capital Advisory – advised DEUTZ AG (“DEUTZ”) on the Acquisition Financing for FFG Flensburger Fahrzeugbau GmbH (“FFG”) and the Group Refinancing with a Total Volume of Several Billion Euros

Herter & Co. – Teneo Capital Advisory – advised DEUTZ AG (“DEUTZ”) on the Acquisition Financing for FFG Flensburger Fahrzeugbau GmbH (“FFG”) and the Group Refinancing with a Total Volume of Several Billion Euros

Herter & Co. – Teneo Capital Advisory acted as Exclusive Debt Advisor to DEUTZ in connection with the acquisition financing for the acquisition of FFG and the refinancing of DEUTZ. Through the acquisition of FFG, DEUTZ significantly expands its presence in the defense sector and positions itself to capitalize on the structural long-term growth dynamics of the defense industry. The transaction is expected to close end of 2026 or in the first quarter of 2027.

Herter & Co. – Teneo Capital Advisory managed a highly competitive and confidential financing process, delivering a comprehensive financing package to support the acquisition of FFG as well as DEUTZ’s ongoing general corporate financing requirements. The Facilities were initially underwritten by a syndicate of four underwriting banks.

About DEUTZ

Founded in 1864 and headquartered in Cologne, Germany, DEUTZ has evolved over the past several years from a manufacturer of traditional drive systems into a systems provider of innovative and sustainable mobility and energy solutions for applications across construction, material handling, agriculture, energy and defense. DEUTZ employs around 6,000 people worldwide and generated a revenue of over €2.0bn in 2025. DEUTZ is listed on the Frankfurt Stock Exchange and has been a constituent of the MDAX since March 2026.

About FFG

Founded in 1872 and headquartered in Flensburg, Germany, FFG is an OEM and system integrator for defense tracked and wheeled vehicles. The company generates c. €760m of annual revenue and employs more than 1,100 people. FFG serves international customers and NATO members. FFG is a certified partner for the majority of the German Armed Forces’ principal land platforms.