Noerr advises UniCredit and National-Bank in financing transaction
Noerr has advised UniCredit Bank AG and NATIONAL-BANK Aktiengesellschaft on financing the acquisition of shares in the outdoor advertising specialist IT WORKS GmbH. The shares were acquired by the Munich mid-market investor AFINUM Management GmbH, which is acquiring a significant interest in IT WORKS via one of its funds.
IT WORKS welcomes its new shareholder as part of its growth strategy. The IT WORKS management is also acquiring a substantial interest in the Düsseldorf company.
The banks were advised on the financing transaction by a team from Noerr led by partner Tom Beckerhoff. UniCredit Bank regularly relies on advice from the experts in Noerr’s financing practice group. The practice group, which comprises 20+ experts, advises banks, insurance companies, pension funds, providers of financial services and enterprises. Clients including Deutsche Bank, NordLB, BayernLB, Berenberg, Bayerische Versorgungskammer, Deutsche Postbank, Fresenius Medical Care and INEOS regularly rely on Noerr’s expertise.
Advisors to UniCredit Bank AG and NATIONAL-BANK Aktiengesellschaft: Noerr LLP
Dr Tom Beckerhoff (lead, Financing, Frankfurt), Dr Florian Becker (Corporate/M&A), Elisabeth Dworschak (Tax, both Munich); Senior Associate: Michael Schuhmacher (Financing, Frankfurt)