Shearman & Sterling advised a consortium of banks led by Landesbank Baden-Württemberg and Bayerische Landesbank on a financing transaction for Hirschvogel Automotive Group. The credit facility has a volume of €400 million.
The Hirschvogel Automotive Group, headquartered in Denklingen, is among the world's largest automotive suppliers in the area of steel and aluminum forging and machining. The company, with subsidiaries in Germany, China, the U.S., Poland, India and recently Mexico, supplies all renowned automotive manufacturers and suppliers around the globe. With about 5,000 employees worldwide, the group achieved sales of over €1 billion in 2016.