Shearman & Sterling advised a consortium of banks (Bayerische Landesbank, Commerzbank Aktiengesellschaft, ING Bank, Landesbank Baden-Württemberg, Landesbank Hessen-Thüringen Girozentrale and Norddeutsche Landesbank–Girozentrale) on a long-term refinancing for Allgeier. The revolving loan facility of €180 million provides flexibility for further growth.

The Munich-based group, which maintains more than 100 branches in 20 countries worldwide, has over 6,800 salaried employees and more than 1,300 freelance experts. Allgeier’s customers include globally operating groups as well as innovative medium-size business operations that aim to secure strategic advantages through high-performance IT solutions, intelligent software and flexible personnel services.

The Shearman & Sterling team was led by partner Winfried M. Carli (Frankfurt-Finance) and included partner Steve Sherman (New York-Finance) and associate Andreas Breu (Frankfurt-Finance).