Losberger De Boer Group, based in Germany and the Netherlands, has faced an intensive and complex restructuring process since mid-2018, including both a financial and operational restructuring. Marking a key milestone, the Group has now entered into a comprehensive restructuring agreement. In this context the majority of the equity in the Group has been transferred to an interim shareholder, who will administer the shares until a successful exit. In addition, the balance sheet has been significantly delevered and the exiting lenders have committed to providing new money. Further operational and profitability oriented restructuring will be pursued over the next month.
Sidley’s Munich-based team was led by partners Kolja von Bismarck (Restructuring), Nicole Janssen (Private Equity/M&A), Dr. Markus Feil (Global Finance) and associate Andreas Steiger (Restructuring), with support from partners Volker Kullmann (Private Equity/M&A) and Dr. Roderic Pagel (Tax). The team also included partners James Crooks (Global Finance, London) and Andrew Vouziers (Global Finance, Chicago) and associates Armin Mustafić, Katalin Siklosi and Amadeus Moeser (Private Equity/M&A, Munich), Maximilian Mayer, Dr. Peter Gseller and Xenia Pisarewski (Global Finance, Munich), Jörg Fischer (Tax, Munich), Dr. Patrick Schulz (Restructuring, Munich), Nils Gravenhorst (Global Finance, London) and Eliott L. Fitch (Private Equity/M&A, Chicago).