Noerr advises banking consortium on recapitalization of ADCURAM group

Noerr has advised a banking consortium on the recapitalization of the prefabricated houses group of the ADCURAM industry group. Overall, IKB Deutsche Industriebank AG and Joh. Berenberg, Gossler & Co. KG are providing the group with EUR 62 million.

The ADCURAM prefabricated house group consists of Bien-Zenker GmbH and Hanse Haus GmbH & Co. KG, which will be further developed independently of each other. In the current year the group will achieve revenue of approximately € 260 million and hand over more than 1,200 houses to new owners.

The banking consortium was advised by Dr. Tom Beckerhoff (lead) and Dr. Daniel Müller. The Frankfurt banking law experts are members of Noerr’s Banking and Finance Group which consists of more than 20 experts and advises companies, banks, insurers, pension funds and financial service providers comprehensively on their financing transactions. Clients who regularly rely on the expertise of the Noerr financing practice include NordLB, BayernLB, Bayerische Versorgungskammer, Deutsche Bank, Deutsche Postbank, Fresenius Medical Care or INEOS. Noerr teams also advised ADCURAM in 2013/2014 on the acquisition of the listed Bien-Zenker AG and the subsequent squeeze-out.

Advisors to IKB Deutsche Industriebank AG and Privatbank Berenberg: Noerr LLP

Dr. Tom Beckerhoff (lead), Associate: Dr. Daniel Müller (both financing, Frankfurt)

ADCURAM inhouse: Anja Wagner

IKB inhouse: Ilas Georgiadis