Watson Farley & Williams (“WFW”) advised Norddeutsche Landesbank Girozentrale and NORD/LB Luxembourg SA Covered Bond Bank on the acquisition financing of INTER-FORUM GmbH (“Inter-Forum”) and Syntela IT-Dienstleistungs GmbH (“Syntela”) by Bregal Funds. The financing also allows for an operating credit line to the operational group companies. German project development bank KfW sub-participated in the financing. The target companies are specialised service providers in the compulsory health insurance sector.

The advice also covered the transaction documentation and the negotiation of the financing. WFW was able to rely on the experiences gained in 2014, advising NORD/LB on the financing regarding the acquisition of Syntela by Caldec, to ensure the best possible outcome for the transaction.

WFW’s team was led and coordinated by Hamburg-based Banking & Finance partner Dr. Stefan Kilgus. He was supported by senior associate Mario Bammann and associates Matthias Abendroth as well as Vivien Vacha (all Banking & Finance, Hamburg). Hamburg-based partner Gerrit Bartsch advised on tax related aspects of the transaction.