Clifford Chance has advised a banking syndicate comprising DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, HSBC Trinkaus & Burkhardt AG, Idinvest Partners and The Governor and Company of the Bank of Ireland on the issuance of a new syndicated loan for BackWerk group.

BackWerk is the only bakery chain with stores throughout Germany and the fastest-growing self-service bakery chain in Europe. At the end of 2014 BackWerk had more than 320 stores in Germany, Austria and the rest of Europe.

The Clifford Chance team was led by partner Alexandra Hagelüken and comprised associates Matthias Töke und Sabrina Bremer as well as transaction lawyer Sabrina Radzki (all Banking & Capital Markets, Frankfurt). In addition, lawyers from the Clifford Chance offices in Luxemburg and Amsterdam were involved.