PwC Legal advises FRIMO Group on refinancing worth 80 million euro
Hamburg/Berlin, March 12th 2018
PwC Legal acted as legal counsel to the FRIMO Group in Lotte (Westphalia) on a revolving credit facility with a bank syndicate in the amount of 80 million euro for refinancing purposes. The bank syndicate was arranged by Commerzbank, which together with DZ Bank, HSBC and LBBW acted as lender.
The FRIMO Group, with locations in Europe, America and Asia, is an international manufacturer of tools and systems solutions which are, inter alia, used in the production of high-quality plastic components. In 2017, the corporate group earned a turnover of approximately 240 million euro. Their customers include renowned car manufacturers and their suppliers, especially from the premium segment. FRIMO created 350 new positions from late 2014 to late 2017 and currently has more than 1,500 employees.
Advisors to the FRIMO Group
PwC Legal
Moritz Gröning, Dr Oliver Kunert (both team lead); Joy Otto Neugebauer (all Banking/Finance)
About PwC Legal Business Solutions:
In our global, rapidly changing business world, cooperation, restructuring, transactions, financing and social responsibility are topics that increasingly concern our clients. They need legal certainty for a wide range of complex tasks. That is why we advise them holistically and in close cooperation with PwC’s tax, human resources and finance experts and our international legal network in over 100 countries. Whether a globally active company, a public corporation or a wealthy private individual, every client has a personal contact at our firm who supports them responsibly in all matters of commercial law. In this way, we help our clients to secure their economic success in the long term.
PwC Legal Business Solutions in Germany. More than 300 lawyers at 18 locations. Integrated, tech-powered legal advice.
About PwC:
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 151 countries with over 364,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.