With a team led by Frankfurt-based partner Dr. Günther M. Bredow, Heuking Kühn Lüer Wojtek advised the principal shareholder of a leading manufacturer of cardan shafts on the replacing of group financing with a total volume of some EUR 26 million. Existing group financing by a bank consortium led by SÜDWESTBANK AG (BW Bank, KfW, IKB Deutsche Industriebank AG, Commerzbank AG, UniCredit AG) was replaced in full by Swiss Patrimonium Asset Management AG.
The international manufacturer of cardan shafts is a market leader in the production of drive solutions for vehicle and machine construction. It employs more than 1,200 and, in addition to German companies, has subsidiaries in Europe and North and South America.
Patrimonium Asset Management AG is a Swiss-owned independent alternative asset management company. Its investment strategy focuses on real estate, SME financing with private debt and private equity investments and infrastructure.
Heuking Kühn Lüer Wojtek:
Dr. Günther M. Bredow, LL.M. (Lead)
Alexander J. Thum (all Corporate Finance), all Frankfurt
Prof. Dr. Georg Streit,
Dr. Fabian Bürk, LL.M., both Munich
Christian Staps (all Reorganization), Frankfurt
Schultze & Braun
Dr. Roland Fendel (Reorganization)