December 13, 2022

Willkie recently advised Formel D, a global service provider to the automotive and component supply industry, on a comprehensive refinancing package of €179 million. The financing has been extended for four years, providing Formel D with planning security for the continuation on its strategic development.

Formel D is the leading quality service provider for scalable solutions in the areas of testing, supply chain quality, vehicle quality and aftermarket solutions. In recent years, Formel D has established itself as a global partner to the automotive and supplier industry, safeguarding and improving its customers’ quality requirements and targets across the entire value chain.

The Willkie team was led by partner Dr. Jasmin Dettmar with assistance from associates Moritz Hechenrieder and Martin Reichert. Partners Georg Linde and Dr. Patrick Meiisel and counsel Wulf Kring also advised on the transaction.