International law firm Watson Farley & Williams (“WFW”) has advised the 4WHEELS group (“4WHEELS”), a portfolio company owned by majority shareholder CAPCELLENCE Mittelstandspartner GmbH (“CAPCELLENCE”), on its €40m corporate financing. Commerzbank AG and WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank acted as lenders.

The financing replaces an existing corporate financing and grants operating credit lines to 4WHEELS.

WFW also advised 4WHEELS on its initial operating credit financing from Commerzbank in 2012.

Düsseldorf-based 4Wheels is the market leader in Germany in the car tyre services and logistics sector.

CAPCELLENCE is an independent investment company specialising in majority shareholdings in mid-size companies in German-speaking countries.

The WFW team was led by Hamburg Banking & Finance partner Dr Stefan Kilgus. He was supported by associates Dr Pascal Unger, Dr Matthias Abendroth and Vivien Vacha (all Banking & Finance, Hamburg), as well as partners Verena Scheibe (Tax, Hamburg) and Ahmad Khonsari (Corporate, Munich).