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News Sep 30, 2014

Shearman & Sterling Advises Avenue Capital on Unitranche Financing of Acquisition of Rademacher Group

Shearman & Sterling advised Avenue Capital on the financing of the acquisition of Rademacher Group by private equity firms Cross Equity Partners and PINOVA Capital. The funding was provided in the form of a unitranche and a “super senior” revolving credit facility granted by KBC Bank.

Rademacher, the Germany-based manufacturer of smart home automation systems, has been sold by private equity investor NORD Holding. It has been agreed that the purchase price and debt volume will remain undisclosed.

The Shearman & Sterling team was led by partner Winfried M. Carli and included counsel Matthias Weissinger and associate Andreas Breu (all Frankfurt-Finance).

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