Partner, Watson Farley & Williams

Florian Kutzbach

Partner, Watson Farley & Williams

Legal Announcement

Partner, Solicitorsjournal

Marlene Kowerk

Senior Associate, Watson Farley & Williams

Annika Schulz

Transaction Lawyer, Watson Farley & Williams

Alejandra Hagedorn

Senior Associate, Watson Farley & Williams

Life Courier Group takes refinancing advice

10 Nov 2023Announcements

By Stefan Kilgus, Florian Kutzbach, Legal Announcement, Marlene Kowerk, Annika Schulz and Alejandra Hagedorn

Complex cross border refinancing contract successfully concluded

Watson Farley & Williams („WFW“) advised Life Courier Group on its refinancing by a syndicate of banks comprising Norddeutsche Landesbank, also acting as agent, Raiffeisen-Landesbank Niederösterreich-Wien and BlackRock Funds.

The Life Courier Group consists of logistics service providers specialised in the life science and healthcare sector across Germany, Italy, Romania, Sweden, the Czech Republic and the United States. It is a portfolio company of Auctus Capital Partners AG (“Auctus”), an investment company with €800m+ AUM.

The WFW Germany Project & Structured Finance team advising the Life Courier Group was led by Hamburg Partner Dr Stefan Kilgus, supported by Senior Associate Dr Marlene Kowerk and Transaction Lawyer Annika Schulz. Frankfurt Partner Florian Kutzbach and Senior Associate Alejandra Hagedorn advised on the English law aspects of the transaction. Christopher J. Verstrate of McGuire Woods supported the team on US law matters.

Stefan commented: "We are pleased to have successfully concluded this cross-border transaction for Life Courier Group, especially given its complex financing structure. It was also fantastic to work again with an Auctus portfolio company”.

Legal News desk contact: editorial@solicitorsjournal.com

Latest Articles

Post-Ukraine surrogacy and cross-border legal risk

As intended parents move beyond Ukraine, courts are confronting increasingly complex ethical, legal and public policy tensions

Unapproved AI use is widespread in UK law firms

New research reveals the alarming prevalence of unapproved AI tools among UK legal professionals highlighting regulatory challenges ahead

AI can enhance law firms' processes

AI accelerates legal work efficiency but requires rigorous human oversight to maintain accountability and reliability in outcomes

Rodoy v Optical Express: High Court finds defamatory statements substantially true despite serious harm to claimant's reputation

Laser eye surgery campaigner's defamation claim fails as judge upholds 'fraudster' and 'troll' allegations

Cleveland Potash v Drummond: High Court rejects wayleave royalty demand at Boulby mine

Landmark ruling on compensation under the Mines (Working Facilities and Support) Act 1966 clarifies the limits of mineral rights holders' bargaining power.

Uriah Woods v The State: Privy Council redraws the boundaries of provocation in Trinidad and Tobago

Privy Council clarifies the objective test for provocation, rejecting the Hong Kong approach.

Burgess v Sikorski: High Court awards deputyship fees as damages under the Fatal Accidents Act in services dependency claim

Professional deputies appointed for two adult sons with learning disabilities; court holds costs are a "necessary corollary" to full compensation

Life Courier Group takes refinancing advice

Complex cross border refinancing contract successfully concluded

Post-Ukraine surrogacy and cross-border legal risk

Unapproved AI use is widespread in UK law firms

AI can enhance law firms' processes

Rodoy v Optical Express: High Court finds defamatory statements substantially true despite serious harm to claimant's reputation

Cleveland Potash v Drummond: High Court rejects wayleave royalty demand at Boulby mine

Uriah Woods v The State: Privy Council redraws the boundaries of provocation in Trinidad and Tobago

Burgess v Sikorski: High Court awards deputyship fees as damages under the Fatal Accidents Act in services dependency claim

Teixeira v Moaven: High Court finds declarations of trust were 'sham' designed to conceal estate assets

GMC v Grajn: High Court quashes MPT suspension after finding serious under-prosecution

DHL v Ignatowicz: EAT remits reinstatement and contributory fault findings over Facebook dismissal

Solong v Samskip: High Court rules on "such loss" in landmark limitation judgement

Fay of London v Axis Specialty Europe: High Court clarifies amendment rules where limitation defence is in play

Verum Plus v Petroineos: Swiss insolvency assignees win joinder bid but blocked on contract claims

SJ Interview: Keith Froud

Navigating the accountability gap in a transformed legal landscape