July 25, 2025
Willkie advised Capital Four as lender on the financing of FSN Capital Compass' investment in UHL Bau. The investment in UHL Bau is the first platform investment in Austria for the FSN Capital Funds.
UHL Bau GmbH, headquartered in Wiener Neustadt, is a leading specialist in underground civil engineering for electricity, gas, water, sewage, district heating and telecommunications networks. The investment in UHL Bau, which was founded by the Uhl family in 1966, follows the FSN Capital Funds’ approach to support founders and entrepreneurs in their next stage of growth. Existing owners Jürgen and Sabine Uhl will retain a significant minority stake and continue to serve on the company’s supervisory board.
Capital Four is an industry-leading credit asset manager headquartered in Copenhagen, with offices in New York, London, Stockholm and Frankfurt. The team of 170+ professionals manage €23+ billion on behalf of a global client base. The firm offers investment solutions within corporate and infrastructure private debt, high yield, CLOs/senior loans, structured credit and multi-asset credit. Capital Four currently manages €8.1+ billion across the Private Credit platform (Corporate Direct Lending €5.1 billion and Infrastructure Debt €3 billion).
The Willkie team was led by partner Dr. Jasmin Dettmar and included associates Moritz Hechenrieder and Jannis Strotmann.
UHL Bau GmbH, headquartered in Wiener Neustadt, is a leading specialist in underground civil engineering for electricity, gas, water, sewage, district heating and telecommunications networks. The investment in UHL Bau, which was founded by the Uhl family in 1966, follows the FSN Capital Funds’ approach to support founders and entrepreneurs in their next stage of growth. Existing owners Jürgen and Sabine Uhl will retain a significant minority stake and continue to serve on the company’s supervisory board.
Capital Four is an industry-leading credit asset manager headquartered in Copenhagen, with offices in New York, London, Stockholm and Frankfurt. The team of 170+ professionals manage €23+ billion on behalf of a global client base. The firm offers investment solutions within corporate and infrastructure private debt, high yield, CLOs/senior loans, structured credit and multi-asset credit. Capital Four currently manages €8.1+ billion across the Private Credit platform (Corporate Direct Lending €5.1 billion and Infrastructure Debt €3 billion).
The Willkie team was led by partner Dr. Jasmin Dettmar and included associates Moritz Hechenrieder and Jannis Strotmann.
