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News Jan 12, 2016

Shearman & Sterling Advises Deutsche Beteiligungs AG on €50 million Revolving Credit Facility

Shearman & Sterling advised Deutsche Beteiligungs AG on a €50 million revolving credit facility.

Deutsche Beteiligungs AG (DBAG) obtained the five-year credit facility from a consortium of two banks. The credit facility does not mean a fundamental change in Deutsche Beteiligungs AG’s financing strategy. Rather, following the company’s investments in the past financial years, the credit facility offers additional financial flexibility to serve liquidity requirements in exceptional cases and enables the company to meet its co-investment agreements alongside the DBAG funds.

The Shearman & Sterling team was led by partner Esther Jansen (Frankfurt-Finance) and included counsel Kolja Stehl (Frankfurt–Regulatory) and Anders Kraft (Frankfurt-Tax) and associate Maria Iorno (Frankfurt-Finance).