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02-24-2021News

HELLWEG group – Increase in funding

With a Frankfurt-based team led by partner Thomas K. Schrell, business law firm Heuking Kühn Lüer Wojtek advised a banking syndicate led by DZ Bank AG on expanding loan facilities for HELLWEG Die Profi-Baumärkte group.

By adding another tranche (including public financing), the total loan volume has been increased by a double-digit million amount. The existing group of lending banks has remained unchanged.

HELLWEG is an owner-managed family business. From its Dortmund headquarters, the group operates a comprehensive DIY store and garden center branch concept and online stores, comprising 97 HELLWEG stores in Germany and Austria and 53 DIY stores with garden centers in southern Germany. The group also includes Gartencenter Augsburg with seven sites in North Rhine-Westphalia. HELLWEG Group employs some 4,000 people.

Counsel to DZ BANK AG
Heuking Kühn Lüer Wojtek:

Thomas K. W. Schrell, LL.M. (Lead, Banking & Finance), Frankfurt
Anja Harms (Banking & Finance), Frankfurt

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