The commercial law firm Noerr advised DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Germany, and NRW.BANK on acquisition financing. In a strategic acquisition, Leonard Moll AG took over the Techno-Physik group, one of the world's leading providers of systems for high-end insulation and fire protection products. The sellers in the deal include the holding company Finatem.
With the transaction, the banks provide Leonard Moll AG and the Techno-Physik group with new lines of credit. These are to be used to finance some of the purchase price and the transaction costs as well as to discharge the Techno-Physik group's current financial obligations. Headquartered in Essen, the group of companies was taken over by Finatem in 2010 and developed into the world's only supplier of a complete line of vermiculite insulation and fire protection products. The group includes Techno-Physik Engineering GmbH in Essen as well as its subsidiaries Mineralka d.o.o. (Slovenia) and Hoffmann Wärmedämmtechnik GmbH.
DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, regularly relies on advice from the more than 20 experts in Noerr's Banking & Finance practice group. Clients of the comprehensive practice group include banks, insurers, pension funds, financial services providers and companies. Thus, entities including Deutsche Bank, UniCredit Bank, NordLB, BayernLB, Berenberg, Bayerische Versorgungskammer, Deutsche Postbank, Fresenius Medical Care and INEOS regularly trust Noerr's expertise.
Advisor to DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main and NRW.BANK: Noerr LLP
Dr. Tom Beckerhoff (lead), Michael Schuhmacher LL.M., Doreen Pape (all Banking & Finance, Frankfurt), Dr. Michaela Engel (Tax, Munich), Dr. Andrea Zwarg (Corporate, Frankfurt)