Watson Farley Williams (“WFW”) advised Builtech Holding GmbH (“Builtech Group”) on a refinancing as part of the reorganisation of its financing structure. The consortium of lenders, led by Kreissparkasse Heilbronn, consisted of Frankfurter, Hamburger, Mittelbrandenburgische and Nassauische Sparkasse, Sparkasse Heidelberg, Kreissparkassen Böblingen and Ostalb as well as Swiss Re International SE’s German branch and Tokio Marine Europe S.A.
The Builtech Group offers all-round solutions for technical building equipment focussed on the B2B segment in the DACH region. Its service portfolio includes all key components of technical building services such as heating, ventilation & air conditioning, sanitary, electrical engineering and automation. It also offers solutions for the technical building envelope to increase energy self-sufficiency and sustainability. Builtech is a portfolio company of Auctus Capital Partners AG (“Auctus”), an investment company with €800m+ AUM.
The WFW Germany Project & Structured Finance team advising Builtech was led by Hamburg Partner Dr Stefan Kilgus, supported by Senior Associate Dr Marlene Kowerk, Associate Finja Schmale and Transaction Lawyer Annika Schulz.
Stefan commented: “We are delighted to have successfully advised our client Builtech on this extensive refinancing by a consortium dominated by savings banks (Sparkassen).”