Shearman & Sterling has advised Sachsen Bank, unselbstständige Anstalt der Landesbank Baden-Württemberg, in connection with the financing of the acquisition of QSIL AG Quarzschmelze Ilmenau (QSIL) by a syndicate of investors led by the chairman of QSIL's management board, Stephan Behr. A fund advised by Ventizz Capital Partners Advisory AG was one of the sellers.

QSIL AG Quarzschmelze Ilmenau is a global manufacturer of special glass, and is one of the few quartz glass manufacturers to specialize in the production of round shapes and special customer design. The application of its own proprietary “plasma fusion” method makes it the only manufacturer worldwide which can produce hollow quartz glass cylinders in a single production step.

The senior financing provided by Sachsen Bank and other lenders was used to partially finance the acquisition price, to refinance existing indebtedness of QSIL and to finance QSIL's working capital needs.

The Shearman & Sterling team was led by Munich finance partner Winfried M. Carli, assisted by associate Lars Neumann (Munich–Finance). Munich tax partner Johannes Frey provided tax advice.

Landesbank Baden-Württemberg is a longstanding client of Shearman & Sterling in Germany and in the United States of America.