Frank­furt a. Main/ Munich — The inter­na­tio­nal law firm Latham & Watkins LLP has advi­sed funds advi­sed by Triton on the finan­cing in connec­tion with the acqui­si­tion of the RENK Group. In addi­tion to a high-yield bond (senior secu­red notes, 144A/Reg S) placed with insti­tu­tio­nal inves­tors with a volume of EUR 320 million, a matu­rity in July 2025 and a coupon of 5.75 percent p.a. Senior secu­red credit faci­li­ties (Super Senior Revol­ving Credit Faci­li­ties) with a volume of EUR 40 million (cash line) and EUR 167.5 million (guaran­tee line). The Senior Secu­red Notes are listed on The Inter­na­tio­nal Stock Exch­ange (Offi­cial List).

The tran­sac­tion was accom­pa­nied by a banking syndi­cate consis­ting of Gold­man Sachs Inter­na­tio­nal, Commerz­bank, Credit Suisse, Deut­sche Bank and UniCre­dit Bank.

Latham & Watkins advi­sed Triton with the follo­wing team:
Dr. Rüdi­ger Malaun (Part­ner, Munich), Dr. Alex­an­der Lentz (Part­ner, joint lead), Gregory Walker (Coun­sel), Jan Penselin, Jana Sichel­schmidt, Peter Neuböck (Asso­cia­tes, all Capi­tal Markets), Alex­an­dra Hage­lü­ken (Part­ner), Cora Gran­ne­mann (Coun­sel, both Banking, all Frank­furt), Stefan Süß (Part­ner, Tax, Munich), Verena Seevers (Asso­ciate, Tax, Hamburg)