Eversheds Sutherland advises STAR Capital and ABL-TECHNIC on the refinancing of ABL-TECHNIC Group
June 10, 2024
Eversheds Sutherland advises STAR Capital and ABL-TECHNIC on the refinancing of ABL-TECHNIC GroupJune 10, 2024 Eversheds Sutherland has successfully advised a fund managed by STAR Capital Partnership LLP and one of its portfolio companies, ABL-TECHNIC Group, on the refinancing of the originally equity-financed acquisition. The ABL-TECHNIC Group is a global leader in de-coating services to the manufacturing sectors and operates facilities at 24 locations in 10 countries. Sustainability and the circular economy are at the heart of the company’s proposition. The business recycles parts back into production for its clients and seeks to reduce waste and energy use for its customers and in its own sites and processes. With over 40 years of experience in the market, the ABL-TECHNIC Group employs more than 500 people worldwide. The refinancing was carried out via a syndicated loan agreement with, inter alia, term loan facilities, an acquisition facility and a revolving working capital facility provided by two banks. The Eversheds Sutherland team was led by Daniel Ehret (Partner) and Dr Stephan Klein (Senior Associate, both Finance). Jens Binding (Partner) and Thomas Leiminger (Associate) advised on tax issues. Veronika Ritter (Chartered Legal Executive) supported the German team from London. Pim van Leersum (Partner), Eyup Cerci (Senior Associate) and Burcin Oral (Associate, all Finance) advised on Dutch law. The Italian team consisted of Umberto Mauro (Partner, Finance), Massimo Agostini (Partner, Tax) and Rosario Airo Farulla (Associate, Finance). About Eversheds SutherlandAs one of the top 10 commercial law firms worldwide, Eversheds Sutherland provides legal services to global clients, from small and medium-sized enterprises to multinational corporations. Eversheds Sutherland acts for 65 of the FTSE 100, 79 of the Fortune 100, 134 of the Fortune 200 and 40 of the Fortune 50. With over 3,000 lawyers and 70 offices in more than 30 countries in Africa, Asia, Europe, the Middle East and the USA, Eversheds Sutherland is represented around the globe. In addition, a worldwide network of over 200 partner law firms, including alliances in Latin America, Asia Pacific and Africa, provides comprehensive advice from a single source. In Germany, more than 160 lawyers, tax advisors and notaries at offices in Berlin, Düsseldorf, Hamburg, Frankfurt and Munich provide advice in all key areas of commercial law. Further information can be found at eversheds-sutherland.de. Contact personAnne van der Most Latest Insights
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