Watson, Farley & Williams (“WFW”) has advised Norddeutsche Landesbank Girozentrale (“NORD/LB”) on the acquisition financing for the purchase of a portfolio company by Caldec Holding GmbH (“Caldec”).

The WFW team provided comprehensive advice to NORD/LB on the transaction financing, which closed on 19 November.

Caldec is a holding company owned by private investors that specialises in long-term investments in profitable mid-sized German businesses. Caldec actively supports the management of its portfolio companies to help them grow into a position of market leadership.

NORD/LB is a leading commercial bank in Northern Germany which provides acquisition financing for mid-sized companies, and also acts as lead arranger on deals. The focus of its deal activity is acquisition targets in the German-speaking market with transaction values ranging from €30 to €250 million.

The Hamburg WFW team was led by partner Dr. Stefan Kilgus. He was supported by senior associate Dr. Wichard von Hoff and associate Dr. Paul-Vincent Hahn (all Banking & Finance)

Dr. Stefan Kilgus commented: “We are delighted to have advised our long-standing client NORD/LB on another important acquisition financing, the second in a short period of time, strengthening our existing relationship.” Recently, WFW advised NORD/LB on the financing of the acquisition of the Engelmann Sensor GmbH.