Baker McKenzie advised ING-DiBa AG and ALBIS Leasing AG as transaction counsel on all legal aspects of the securitization of lease receivables of ALBIS Group companies.
The ALBIS Leasing Group, based in Hamburg, offers small and medium-sized companies solutions for equipment financing with a clear focus on small ticket leasing. The transaction, arranged by ING-DiBa AG, refinances a EUR 57 million revolving portfolio of receivables that ALBIS Group companies originate with their customers under equipment leasing agreements. The receivables are purchased via the Luxembourg-based compartment platform Hanse Finance S.A. and refinanced via promissory notes (Schuldscheine). The structure complies with the "Simple, Transparent and Standardized" (STS) criteria of the EU Securitization Regulation.
With this advice, Baker McKenzie continues its successful cooperation with ING-DiBa AG, which it advised on other forms of financing.
In addition, Baker McKenzie regularly advises banks and corporates, arrangers, sponsors and originators on all aspects of complex domestic and cross-border securitization structures across all asset classes.
Legal advisor to ING and ALBIS: Baker McKenzie
Lead: Banking & Finance: Sandra Wittinghofer (Partner, Frankfurt)
Team: Banking & Finance: Marta Zuliamis (Senior Associate, Frankfurt) Esther Kapern (Associate, Frankfurt)