King & Wood Mallesons has advised EQT, the leading private equity group in Northern Europe, on the refinancing of the existing BackWerk Group financing. The existing financing was replaced by a syndicated financing arranged by the Bank of Ireland, DZ BANK AG, HSBC Trinkaus & Burkhardt AG as well as Idinvest Partners. DZ BANK AG is acting as facility agent and security agent.

The King & Wood Mallesons team in Germany included partner Sabine Schomaker, counsel Ulf Gosejacob, associate Michael Beyer and professional support lawyer Isabelle Winkel (all Finance, Frankfurt). The team was supported by the King & Wood Mallesons Luxemburg colleagues Alexandrine Armstrong-Cerfontaine (partner) and Nicolas Tintanne (associate).

Advice on Swiss law was provided by Walder Wyss (partner Lukas Wyss, associate Anna Baldenbach von Bröchen), on Austrian law by Schindler Rechtsanwälte (partner Martin Abram) and on Dutch law by Loyens & Loeff (partner Gianluca Kreuze, associate Stephanie van Kranen).

BackWerk is the only bakery chain with stores throughout Germany (in all German federal states) and the fastest growing self-service bakery chain in Europe. BackWerk had, at the end of 2014, more than 300 stores in Germany and Austria as well as in further European countries.