Noerr advises US financial investors on interests in the listed Neschen AG and taking over bank liabilities

The law firm Noerr advised the US financial investor Sandton Capital Partners LP (“Sandton”) on the purchase of Neschen AG’s loan liabilities to JP Morgan. At the same time, Londonderry LLC (“Londonderry”), which is independent of Sandton, acquired a package of shares in Neschen. Partners Dr. Thomas Hoffmann and Dr. Laurenz Wieneke led in the case.

The Sandton subsidiary Sandton Financing III (Luxemburg) thereby acquired all claims of the investment bank JP Morgan and of the investment company Aldermanbury against the Bückeburg company. Included in particular is a secured senior loan of approx. 24.3 million Euro. The financial investor Londonderry has taken a direct stake of approx. 29.8 % in Neschen AG. The Neschen AG shares are traded on the regulated markets of the Frankfurt am Main and Hannover stock exchanges.

Neschen AG specialises in modern self-adhesive products and high-value coated media for many applications and is among the leaders in these areas. The products are offered worldwide through its own distribution network.   

Advisor Sandton Capital und Londonderry: Noerr LLP

Dr. Thomas Hoffmann (restructuring), Dr. Laurenz Wieneke (capital markets, both  Frankfurt) Associates: Dr. Julia Schlüter-Shah (finance), Cornelia Pinkert (finance, London)