The transaction refinances existing senior and mezzanine acquisition facilities.
Willkie client Schenck Process Group has completed a €455 million refinancing of existing senior and mezzanine acquisition facilities.
In 2007, private equity investor IK Investment Partners acquired Schenck Process from HgCapital. The acquisition was at that time financed inter alia by means of a syndicated acquisition financing (senior and mezzanine) which now has been refinanced in full by means of new credit facilities in the aggregate amount of approximately €455 million provided by a consortium of various banks and institutional lenders led by Deutschen Bank AG, SEB AG and UniCredit Bank AG.
Headquartered in Germany, Schenck Process Group is a global market leader in industrial weighing, feeding, screening, automation equipment and solutions. Schenck Process provides process-critical equipment and services to a broad range of customers across various end-industries (e.g. cement, steel, mining, chemicals, food) on a global scale.
The Willkie team was led by partner Jan Wilms and included partners William Hiller, Leonard Klingbaum and Jeffrey Goldfarb; national partner Jasmin Dettmar; counsel Cindy Chernuchin; associates Laura Pfirrmann, Christopher Clerihew, Daniel Philion, Robert Larimore, Shira Silver, Claire Soloski, Mamoun Shafi, Henri Weil and Shinasa Wasimi; and transactional lawyer Katja Wolf.