Baker McKenzie advised a syndicate of lenders led by Commerzbank Aktiengesellschaft on the financial restructuring of PIA Automation Group. The advice included in particular the adjustment of group-wide financings to the current market conditions. The financing structure included a cross-border syndicated financing and various domestic and cross-border bilateral  loans.

The adjustment of the financings laid the foundation for a sustainable realignment of the PIA Automation Group. PIA Automation, with the Joyson Group as its main shareholder, focuses on flexible and efficient assembly and production lines for companies in the automotive supply, electrical engineering, consumer goods, medical and pharmaceutical sectors.

Both the Restructuring and Banking & Finance teams of Baker McKenzie regularly advise a large number of German and international financial institutions, debt funds, private equity investors and their portfolio companies in complex restructuring mandates and international financing transactions.

Legal advisor to banking syndicate:
Baker McKenzie

  • Lead: Restructuring/Banking & Finance: Joachim Ponseck (partner, Frankfurt), Matthias Töke (partner, Frankfurt)
  • Team: Banking & Finance: Oliver Socher (partner, Frankfurt), Silke Fritz (counsel, Frankfurt), Philipp Thimm (associate, Frankfurt), Kieran Verdano (associate, Frankfurt), Diren Aksu (associate, Frankfurt)
  • Restructuring: Artur Swierczok (counsel, Frankfurt), Tim Hosgör (associate, Frankfurt)

Baker McKenzie offices in New York, Toronto and Vienna were also involved.

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