Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 17-07-2014 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | Acquisition of Sausalitos by Ergon Capital Partners | Industry: | Travel & Leisure |
| Description: |
Linklaters advised Kartesia Credit Opportunities, a Luxembourg debt fund, as lender of a secured unitranche and Capex bond financing for the acquisition of the German restaurant chain Sausalitos by Ergon Capital Partners. Seller is the private equity investor EQT, who had held 47 per cent. of the company shares. With the current closing, the transaction is brought to a successful conclusion.
The financing was structured as a secured bond, with Kartesia as the initial bondholder. The unitranche bond was issued at closing by the German acquisition company. The financing documentation provides that other so-called "Capex bonds" may be issued to finance the capital expenditures of Sausalito Group.
A Linklaters team led by Marc Trinkaus (Banking, Frankfurt), Dr Christian Storck (Capital Markets, Frankfurt) and Steffen Schellschmidt (Banking, Frankfurt) advised on the deal.
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| Financial Center: | Frankfurt | Value: | 0.00-0.00 |
| Advised Party: | Lender | Law Firm | Linklaters |
| Borrower Jurisdiction: | Germany | Lender Jurisdiction: | Germany |
| Classification: |
Acquisition Finance Private Company Acquisition |
Lawyer | Christian Storck |
