Sidley represented Stellex Capital Management LLC, a US$5 billion “assets-under management” global middle-market private equity firm, in connection with the €270,000,000 financing of its multi-jurisdictional acquisition of the environmental technology business of Dürr AG and its subsidiaries, a global mechanical and plant engineering firm headquartered in Germany.
The financing was fully underwritten by UniCredit Bank GmbH and includes EUR and USD term loan facilities, a revolving credit facility, and a guarantee facility. Prior to closing, all facilities have been successfully syndicated and allocated to a wide range of banks, debt funds, and insurance companies.
The multi-jurisdictional team was led by Munich Global Finance partner Markus Feil and Munich senior managing associate Louise Freund. The wider team included Alissia Opitz (Global Finance, Munich); Kelly Dybala and John E. Cupit V (Global Finance, Dallas); Jörg Fischer and Corinna Linhardt (Tax, Munich); and Jonathan M. Westreich (Tax, Century City).
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