News

Herter & Co. advises Westfälische Drahtindustrie GmbH on the Refinancing of its Debt Facilities

Herter & Co. advises Westfälische Drahtindustrie GmbH („WDI“) on the refinancing of its debt facilities via a new syndicated loan with a maturity of 3+1+1 years.

The new financing with a total volume of €70m includes a revolving credit facility as well as an amortizing term loan. In addition to existing lenders, new partner banks have been included in the newly formed consortium.

[more]

Herter & Co. advises Trilantic Europe on the financing of the acquisition of Oberberg Group

Herter & Co. advised private equity group Trilantic Europe on the financing of its acquisition of Oberberg Group (“Oberberg”), a leading operator of psychotherapy, psychiatry and psychosomatic acute clinics in Germany with a focus on treatments of depression and addictions.

Herter & Co. coordinated a financing package of more than €100m underwritten by a bank consortium. Closing and syndication of the financing are expected to take place before year end.

 

[more]

Herter & Co. advises VDM Group on comprehensive realignment of its financing structure

Herter & Co. has advised VDM Metals Group ("VDM Metals"), one of the leading producers of nickel alloys headquartered in Werdohl on the refinancing of its existing financing facility.

The new financing package consists of an unsecured revolving credit facility, a term loan, as well as a newly introduced factoring program for a total volume of €280m. The €150m revolving credit facility is provided by a bank consortium including DEUTSCHE BANK AG, UNICREDIT BANK AG (both Bookrunner), HSBC TRINKAUS & BURKHARDT AG, LANDESBANK BADEN-WÜRTTEMBERG and LANDESBANK HESSEN-THÜRINGEN GIROZENTRALE. The factoring facility is made available by POSTBANK, while IKB DEUTSCHE INDUSTRIEBANK AG has provided the term loan.

[more]

Herter & Co. advises Schleich on the refinancing of existing LBO facilities

Herter & Co. has advised Schleich Holding GmbH (“Schleich”) an Ardian portfolio Company, on the refinancing and increase of its existing LBO facilities and a partial repayment of shareholder loan notes to the respective shareholders. Schleich is a toy manufacturer based in Southern Germany and was acquired in 2014 by funds advised by Ardian.

[more]

Herter & Co. advises d&b audiotechnik on the refinancing and repricing of existing LBO facilities

Herter & Co. has advised d&b audiotechnik („d&b“) on the partial refinancing and repricing of its existing LBO facilities. d&b was acquired in 2016 by funds advised by Ardian from Odewald & Cie and COBEPA and is a company specialised on professional acoustic systems. The original transaction was also advised by Herter & Co.

[more]