Global law firm Freshfields has advised Nemetschek Group on its inaugural Schuldschein placement (privately placed debt governed by German law) in an aggregate amount of €300m of capital from international institutional investors. The Schuldschein placement comprises tranches with respective maturities of 3 and 5 years.
This is the first ever Schuldschein transaction for Nemetschek, a global provider of software solutions for the construction and media industry. It gives the group increased access to international institutional investors and is diversifying its sources of financing.
The placement has been arranged by Bayerische Landesbank and UniCredit.
The Freshfields team was led by Partner Michael Josenhans and Principal Associate Dennis Chinnow (both Finance, Frankfurt). The team has recently advised Nemetschek on a €500m syndicated loan and on the financing of its acquisition of GoCanvas Holding (USA).
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