Latham & Watkins LLP has advised funds managed by CORDET Capital Partners (LLP) (CORDET) on the financing of Maguar Capital’s (Maguar) acquisition of HSBCAD BV (hsbcad). The financing is structured as a unitranche acquisition facility for the purposes of the acquisition of hsbcad and to support its further growth.
Maguar is a German tech investor specializing in small-cap and medium-sized B2B software companies in the DACH and Benelux regions. hsbcad is a leading provider of offsite wood construction software, headquartered in Belgium.
The Latham team was led by Munich finance partner Thomas Weitkamp, with associates Philipp Guggeis and Johanna Wörle. Advice was also provided on corporate matters by Munich partner Stephan Hufnagel, with associate Corinna Freudenmacher; and on tax matters by Munich partner Ulf Kieker, with Hamburg associate Julia Wenzel.
