The new syndicated financing consists of a term loan and a working capital line and serves to refinance existing liabilities as well as to provide funds for growth and acquisitions.

Officium, acquired by infrastructure investor Arcus in January 2023, is a leading independent submetering provider, offering long-term rental of submetering equipment and related services for the measurement of heat and water consumption within multi-dwelling properties in Germany. The firm acts as the management company for a Germany-wide network of regional submetering companies, primarily focusing on Berlin, Brandenburg, Lower Saxony, North Rhine-Westphalia (Düsseldorf and Duisburg), Mecklenburg-Western Pomerania, Saxony-Anhalt (Dessau-Roßlau), Saxony (Dresden and Chemnitz), Thuringia, and Bavaria (Lower and Upper Franconia). With a focus on small and medium-sized property management companies and private landlords, Officium manages more than one million measuring devices.

The Allen & Overy team was led by partner Dr Walter Uebelhoer and senior associate Dr Rauni Ahammer and comprised furthermore of associate Dr Laura Frömel (all Banking & Finance, all Munich), partner Dr Heike Weber and associate Dr Manuel Köchel (both Tax, both Frankfurt). Partner Frank Mausen and associate Eugène Welter (both Banking & Finance, both Luxembourg) advised on Luxembourg law matters.