Latham & Watkins LLP has advised Lowell, a provider of credit management services, on the sale of its DACH operations to funds managed by Orlando Capital GmbH. The carve-out transaction comprises Lowell’s businesses in Germany, Austria, and Switzerland and establishes them as an independent credit management platform. The transaction is subject to the required regulatory approvals and other customary closing conditions.
The Latham team was led by Düsseldorf corporate partner Ingo Strauss and associate Jaschar Mirkhani, with associates Sönke Bock and Arne le Dandeck. Advice was also provided on tax matters by Hamburg partner Tobias Klass, with associate Johannes Lieb; and on financial regulatory matters by Frankfurt partner Axel Schiemann, with associate Marie Claire Mollenkopf.
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