Baker McKenzie advised Oldenburgische Landesbank on all legal aspects of the financing of the acquisition of TSS Holding GmbH ("TOP-SPORT") by VR Equitypartner and co-investor NRW.BANK.
The credit facilities provided by Oldenburgische Landesbank not only finance the purchase price but also support the general corporate financing of TOP-SPORT, as well as the further growth of the group through investments and selective acquisitions. VR Equitypartner and NRW.BANK, together with the seller GFEP Family Equity (who retains a stake), and management aim to build a European champion in the field of sports hall interior construction.
TOP-SPORT, headquartered in Rheda-Wiedenbrück, was founded in 1996 and has been structured since 2018 through a targeted buy-and-build strategy. The group consists of five operating companies in Germany and Denmark and is positioned in Germany as a leading provider of certified flooring, wall, and acoustic systems. With its own product development, production and installation, the group pursues an “all-in-one” approach. Its customers primarily include public clients, general contractors, and sports clubs.
The Baker McKenzie team consisted of Partner Matthias Töke (Frankfurt) and Associate Saskia Ilzhöfer (Frankfurt) and has recently advised Oldenburgische Landesbank already on the financing of the acquisition of the Adlicious Group by private equity sponsor FIELDS, as well as the DEKOM Group by VR Equitypartner and SüdBG.
Baker McKenzie regularly advises private equity sponsors, banks, debt funds and other investors on all legal aspects of acquisition financing, refinancing, growth financing and financial restructuring, both in Germany and in complex cross-border financings."
The credit facilities provided by Oldenburgische Landesbank not only finance the purchase price but also support the general corporate financing of TOP-SPORT, as well as the further growth of the group through investments and selective acquisitions. VR Equitypartner and NRW.BANK, together with the seller GFEP Family Equity (who retains a stake), and management aim to build a European champion in the field of sports hall interior construction.
TOP-SPORT, headquartered in Rheda-Wiedenbrück, was founded in 1996 and has been structured since 2018 through a targeted buy-and-build strategy. The group consists of five operating companies in Germany and Denmark and is positioned in Germany as a leading provider of certified flooring, wall, and acoustic systems. With its own product development, production and installation, the group pursues an “all-in-one” approach. Its customers primarily include public clients, general contractors, and sports clubs.
The Baker McKenzie team consisted of Partner Matthias Töke (Frankfurt) and Associate Saskia Ilzhöfer (Frankfurt) and has recently advised Oldenburgische Landesbank already on the financing of the acquisition of the Adlicious Group by private equity sponsor FIELDS, as well as the DEKOM Group by VR Equitypartner and SüdBG.
Baker McKenzie regularly advises private equity sponsors, banks, debt funds and other investors on all legal aspects of acquisition financing, refinancing, growth financing and financial restructuring, both in Germany and in complex cross-border financings."
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