Baker McKenzie has advised alternative investment manager Cheyne Capital on its investment in Limehome Group. The investment was executed through an innovative debt/equity hybrid structure provided by funds managed by Cheyne Strategic Value Credit. The transaction is designed to provide Limehome with long-term capital flexibility to support its continued growth and expansion. Baker McKenzie advised Cheyne Strategic Value Credit on the legal structuring, documentation and negotiation of all aspects of the hybrid instrument and related transaction components.
Limehome is Europe’s leading tech-enabled operator of functional design accommodations. Leveraging its proprietary technology platform and asset-light operating model, Limehome partners with real estate owners and developers across key European cities to offer a seamless, high-quality guest experience. Since its founding in 2018, the Munich based Limehome has expanded into more than 360 locations in 156 cities and has more than 12,500 apartments and hotel rooms under contract in thirteen countries.
The financing solution provided by Cheyne Strategic Value Credit demonstrates the continued relevance of private credit in the German market, in particular when it comes to the implementation of innovative capital structures and reflects Cheyne’s strong track record. Cheyne Strategic Value Credit provides constructive capital solutions to help address the observable funding gap in European mid-market corporates, with a robust deal pipeline sourced through its expansive origination network across Europe.
Legal adviser to Cheyne Capital:
Baker McKenzie
Lead:
Banking & Finance: Matthias Töke (partner, Frankfurt)
Team:
Banking & Finance: Joachim Ponseck (partner, Frankfurt), Saskia Ilzhöfer (associate, Frankfurt), Juan Gelabert (partner, Madrid), Ali Bouhara (counsel, Luxembourg), Marina Martinez (senior associate, Madrid), Maria Alonso (associate, Madrid)
Corporate/M&A: Dr. Jan Schubert (partner, Frankfurt), Dr. Jon Marcus Meese (partner, Munich), Moritz Jander (associate, Düsseldorf), Lisa Hollfelder (associate, Frankfurt), Jens Klapdor (associate, Munich), Tobias Beck (associate, Munich), Bao Nguyen (associate, Frankfurt), Luis Casals (partner, Madrid), Alba Anegón (counsel, Madrid), Pedro Calzada (senior associate, Madrid), Isabel Rodriguez (associate, Madrid), Maria Garrido (associate, Madrid)
Real Estate: Dr. Florian Thamm (partner, Frankfurt), Jaime Armijo (associate, Madrid)
Antitrust & Competition: Dr. Anika Schürmann (partner, Düsseldorf), Jan Kresken (partner, Düsseldorf), Dr. Florian Kotman (counsel, Düsseldorf)
Commercial & Trade: Katharina Spenner (partner, Munich), Clarissa Rach (associate, Munich)
IP & IT: Patrick H. Wilkening (partner, Düsseldorf), Dr. Markus Hecht (counsel, Frankfurt), Yannick Filoda (associate, Düsseldorf)
Employment: Dr. Felix Diehl (partner, Frankfurt), Annika Kissener (associate, Frankfurt), Jan Kammler (associate, Frankfurt), Hadrien Rifon (senior associate, Madrid), Juan de Haro (associate, Madrid), Natalia Muro (associate, Madrid)
Public Law: Dr. Andreas Schulz (counsel, Berlin)
Limehome is Europe’s leading tech-enabled operator of functional design accommodations. Leveraging its proprietary technology platform and asset-light operating model, Limehome partners with real estate owners and developers across key European cities to offer a seamless, high-quality guest experience. Since its founding in 2018, the Munich based Limehome has expanded into more than 360 locations in 156 cities and has more than 12,500 apartments and hotel rooms under contract in thirteen countries.
The financing solution provided by Cheyne Strategic Value Credit demonstrates the continued relevance of private credit in the German market, in particular when it comes to the implementation of innovative capital structures and reflects Cheyne’s strong track record. Cheyne Strategic Value Credit provides constructive capital solutions to help address the observable funding gap in European mid-market corporates, with a robust deal pipeline sourced through its expansive origination network across Europe.
Legal adviser to Cheyne Capital:
Baker McKenzie
Lead:
Banking & Finance: Matthias Töke (partner, Frankfurt)
Team:
Banking & Finance: Joachim Ponseck (partner, Frankfurt), Saskia Ilzhöfer (associate, Frankfurt), Juan Gelabert (partner, Madrid), Ali Bouhara (counsel, Luxembourg), Marina Martinez (senior associate, Madrid), Maria Alonso (associate, Madrid)
Corporate/M&A: Dr. Jan Schubert (partner, Frankfurt), Dr. Jon Marcus Meese (partner, Munich), Moritz Jander (associate, Düsseldorf), Lisa Hollfelder (associate, Frankfurt), Jens Klapdor (associate, Munich), Tobias Beck (associate, Munich), Bao Nguyen (associate, Frankfurt), Luis Casals (partner, Madrid), Alba Anegón (counsel, Madrid), Pedro Calzada (senior associate, Madrid), Isabel Rodriguez (associate, Madrid), Maria Garrido (associate, Madrid)
Real Estate: Dr. Florian Thamm (partner, Frankfurt), Jaime Armijo (associate, Madrid)
Antitrust & Competition: Dr. Anika Schürmann (partner, Düsseldorf), Jan Kresken (partner, Düsseldorf), Dr. Florian Kotman (counsel, Düsseldorf)
Commercial & Trade: Katharina Spenner (partner, Munich), Clarissa Rach (associate, Munich)
IP & IT: Patrick H. Wilkening (partner, Düsseldorf), Dr. Markus Hecht (counsel, Frankfurt), Yannick Filoda (associate, Düsseldorf)
Employment: Dr. Felix Diehl (partner, Frankfurt), Annika Kissener (associate, Frankfurt), Jan Kammler (associate, Frankfurt), Hadrien Rifon (senior associate, Madrid), Juan de Haro (associate, Madrid), Natalia Muro (associate, Madrid)
Public Law: Dr. Andreas Schulz (counsel, Berlin)
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