International law firm Watson Farley & Williams (“WFW”) has advised the Norddeutsche Landesbank Girozentrale (“NORD/LB”) and NORD/LB Luxembourg S.A. Covered Bond Bank on the acquisition financing of WELL PLUS TRADE GmbH (“WELL PLUS TRADE”) by HQ Equita. The financing, which included a working capital facility, closed on 13 February 2017.
Hamburg-based WELL PLUS TRADE, which specialises in the development and distribution of protein-based sports nutrition and weight management products, is market leader for sports nutrition in the German retail market. Its products include well-known brands such as “Power System and “Slim System”, as well as own brands for leading retailers and drugstores.
WFW advised on the drafting and negotiation of all finance documents relating to the transaction.
The WFW team advising NORD/LB was led by Hamburg Banking & Finance Partner Dr Stefan Kilgus, assisted by Associate Dr Matthias Abendroth.