Financing, Refinancing & Financial Restructuring

Secure ways back to success

Existential economic issues accompany the success of financial restructuring. Right questions and pragmatic answers matter. Well designed and executed financial restructurings are balanced and fair. They create a sustainable reset of the relevant capital and shareholder structures.

The “restructuring carousel” sometimes turns unpredictably or idiosyncratically. Transactions are - more than M&A – multidimensional and multifunctional. Trust in your financial advisor is even more important. With stability. For the future.

Amor has extended its financing facilities with an Amend & Extend.

Freitag & Co advised the Amor Lenders.

Date: October 2021

Client:

Freitag & Co advises the Federal Republic of Germany / Finanzagentur regarding rescue financing in Los 2 of the Economy Stabilization Fund (WSF).

Date: May 2020

Client:

American Axle, (NYSE: AXL), U.S. automotive supplier with $6 billion revenues, acquires Mitec, global market leader in automotive propulsion technology, out of insolvency.

Date: December 2019

Client:

€65 Mio.

Constantin Medien AG sells a 20% stake in Highlight Communications AG to Highlight Event and Entertainment AG to refinance its €65 million corporate bond.

Date: March 2018

Client:

Jason Industries sells Janesville Acoustics Europe to Quartuar in a management buy-out as part of its restructuring.

Date: August 2017

Client: Jason

Accuride, the US supplier of automotive components owned by Crestview Partners, acquires German mefro wheels from the Fischbacher Family. mefro wheels is a leading manufacturer of steel wheels with revenues of about €400 million.

Date: June 2017

Client: Accuride

€90 Mio.

AEG Power Solutions initiates a financial restructuring of its debt capital with a combined volume of €90 million. Key element of the restructuring is a protective shield proceeding for the German subsidiary. Freitag & Co advised and supported AEG Power Solutions through its financial restructuring.

Date: November 2016

Client:

Freitag & Co advises Otto Cosmetic in their leveraged recapitalization.

Date: April 2016

Client:

AEG Power Solutions sells its subsidiary skytron energy GmbH to First Solar, Inc. In 2012, skytron energy GmbH generated revenues of €29 million.

Date: June 2014

Client: AEG Power Solutions

AEG Power Solutions announces the swap of 50% of its €100 million bond into 60% of its equity.

Date: March 2014

Client:

€15 Mio.

KETTLER extends its €15 million debt and evaluates the sale / increase of equity.

Date: December 2013

Client: Karin Kettler

€4.7 Bil.

Real estate company IVG AG initiates a comprehensive restructuring of their indebtedness of more than €4.7 billion. Key element of the restructuring program is a debt-equity-swap. Freitag & Co advised IVG's controlling shareholder MANN Immobilien regarding the restructuring.

Date: March 2013

Client:

€600 Mio.

Sales and financing difficulties lead to an imbalance at Praktiker AG. Against this background, Praktiker develops an operational and financial restructuring concept. Part of the concept is the restructuring of Praktiker’s €600 million indebtedness. Freitag & Co advised the holders of the €250 million bond as well as its Joint Representative in assessing the restructuring concept.

Date: January 2013

Client:

Bondholders, Joint Representative of the Bonds

SiC Processing files for protective shield proceedings to restructure its indebtedness of ca. €200 million, including a €82 million bond.

Date: December 2012

Client:

€90 Mio.

SOLARWATT AG uses the new restructuring instrument "ESUG / protective shield proceeding" for a sustainable operating and financial repositioning of the company. Stefan Quandt becomes majority shareholder of the company with an investment of €10 million. SOLARWATT was the first company in Germany to successfully restructure through a protective shield and is still today regarded as the fastest-ever ESUG process. Freitag & Co originated the restructuring concept and advised Stefan Quandt on the transaction.

Date: October 2012

Client:

Stefan Quandt

W.I.S. completes the restructuring of its €50 million indebtedness.

Date: May 2011

Client:

HIG / Anchorage acquire equity and debt control in Walter services.

Date: February 2011

Client: Senior Lenders / Banks

€431 Mio.

After intense negotiations, the lenders and the investment firm Cinven agree on a restructuring of JOST's €431 million capital structure. Through the application of innovative restructuring concepts, the clients of Freitag & Co were able to secure their assets and at the same time enabled the company to continue its business operations.

Date: January 2011

Client:

€330 Mio.

Freitag & Co advises PrimaCom AG in the restructuring of its ca. €330 million indebtedness.
Additionally, Sebastian Freitag personally assumes the role of Chief Restructuring Officer.

Date: July 2010

Client:

€1.9 Bil.

Escaline and its subsidiaries PrimaCom and Orion restructure their €1.9 billion indebtedness. Veritas Holding sells shares in Orion Cable GmbH for €884 million.

Date: 2009

Client: Escaline PIK Lenders and Shareholders of Veritas

€2.1 Bil.

Monier completes its €2.1 billion out-of-court restructuring by means of enforcement and private sale to its lenders.

Date: October 2009

Client: 2nd Lien Lenders

€550 Mio.

Honsel AG completes its €550 million out-of-court restructuring by way of enforcement and private sale to sponsor and senior lenders.

Date: July 2009

Client:

Freitag & Co advises The Carlyle Group and Edscha AG in last minute attempts to restructure the balance sheet.

Date: February 2009

Client:

€74 Mio.

Babcock Borsig AG i.I. sells its 79% stake in SCHUMAG AG to Berliner AG at an enterprise value of approximately €74 million.

Date: July 2007

Client:

€450 Mio.

Schefenacker Group completes its €450 million restructuring through migration of the group holding company and an English law Company Voluntary Arrangement (CVA).

Date: June 2007

Client:

Schefenacker

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Amor has extended its financing facilities with an Amend & Extend.

Freitag & Co advised the Amor Lenders.

Date: October 2021

Client:

Freitag & Co advises the Federal Republic of Germany / Finanzagentur regarding rescue financing in Los 2 of the Economy Stabilization Fund (WSF).

Date: May 2020

Client:

American Axle, (NYSE: AXL), U.S. automotive supplier with $6 billion revenues, acquires Mitec, global market leader in automotive propulsion technology, out of insolvency.

Date: December 2019

Client:

€65 Mio.

Constantin Medien AG sells a 20% stake in Highlight Communications AG to Highlight Event and Entertainment AG to refinance its €65 million corporate bond.

Date: March 2018

Client:

Jason Industries sells Janesville Acoustics Europe to Quartuar in a management buy-out as part of its restructuring.

Date: August 2017

Client: Jason

Date: June 2017

Client: Accuride

€90 Mio.

Date: November 2016

Client:

Freitag & Co advises Otto Cosmetic in their leveraged recapitalization.

Date: April 2016

Client:

AEG Power Solutions sells its subsidiary skytron energy GmbH to First Solar, Inc. In 2012, skytron energy GmbH generated revenues of €29 million.

Date: June 2014

Client: AEG Power Solutions

AEG Power Solutions announces the swap of 50% of its €100 million bond into 60% of its equity.

Date: March 2014

Client:

€15 Mio.

KETTLER extends its €15 million debt and evaluates the sale / increase of equity.

Date: December 2013

Client: Karin Kettler

€4.7 Bil.

Date: March 2013

Client:

€600 Mio.

Date: January 2013

Client:

Bondholders, Joint Representative of the Bonds

SiC Processing files for protective shield proceedings to restructure its indebtedness of ca. €200 million, including a €82 million bond.

Date: December 2012

Client:

€90 Mio.

Date: October 2012

Client:

Stefan Quandt

W.I.S. completes the restructuring of its €50 million indebtedness.

Date: May 2011

Client:

HIG / Anchorage acquire equity and debt control in Walter services.

Date: February 2011

Client: Senior Lenders / Banks

€431 Mio.

Date: January 2011

Client:

€330 Mio.

Freitag & Co advises PrimaCom AG in the restructuring of its ca. €330 million indebtedness.
Additionally, Sebastian Freitag personally assumes the role of Chief Restructuring Officer.

Date: July 2010

Client:

€1.9 Bil.

Escaline and its subsidiaries PrimaCom and Orion restructure their €1.9 billion indebtedness. Veritas Holding sells shares in Orion Cable GmbH for €884 million.

Date: 2009

Client: Escaline PIK Lenders and Shareholders of Veritas

€2.1 Bil.

Monier completes its €2.1 billion out-of-court restructuring by means of enforcement and private sale to its lenders.

Date: October 2009

Client: 2nd Lien Lenders

€550 Mio.

Honsel AG completes its €550 million out-of-court restructuring by way of enforcement and private sale to sponsor and senior lenders.

Date: July 2009

Client:

Freitag & Co advises The Carlyle Group and Edscha AG in last minute attempts to restructure the balance sheet.

Date: February 2009

Client:

€74 Mio.

Babcock Borsig AG i.I. sells its 79% stake in SCHUMAG AG to Berliner AG at an enterprise value of approximately €74 million.

Date: July 2007

Client:

€450 Mio.

Schefenacker Group completes its €450 million restructuring through migration of the group holding company and an English law Company Voluntary Arrangement (CVA).

Date: June 2007

Client:

Schefenacker

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Amor has extended its financing facilities with an Amend & Extend.

Freitag & Co advised the Amor Lenders.

Date: October 2021

Client:

Freitag & Co advises the Federal Republic of Germany / Finanzagentur regarding rescue financing in Los 2 of the Economy Stabilization Fund (WSF).

Date: May 2020

Client:

American Axle, (NYSE: AXL), U.S. automotive supplier with $6 billion revenues, acquires Mitec, global market leader in automotive propulsion technology, out of insolvency.

Date: December 2019

Client:

€65 Mio.

Constantin Medien AG sells a 20% stake in Highlight Communications AG to Highlight Event and Entertainment AG to refinance its €65 million corporate bond.

Date: March 2018

Client:

Jason Industries sells Janesville Acoustics Europe to Quartuar in a management buy-out as part of its restructuring.

Date: August 2017

Client: Jason

Date: June 2017

Client: Accuride

€90 Mio.

Date: November 2016

Client:

Freitag & Co advises Otto Cosmetic in their leveraged recapitalization.

Date: April 2016

Client:

AEG Power Solutions sells its subsidiary skytron energy GmbH to First Solar, Inc. In 2012, skytron energy GmbH generated revenues of €29 million.

Date: June 2014

Client: AEG Power Solutions

AEG Power Solutions announces the swap of 50% of its €100 million bond into 60% of its equity.

Date: March 2014

Client:

€15 Mio.

KETTLER extends its €15 million debt and evaluates the sale / increase of equity.

Date: December 2013

Client: Karin Kettler

€4.7 Bil.

Date: March 2013

Client:

€600 Mio.

Date: January 2013

Client:

Bondholders, Joint Representative of the Bonds

SiC Processing files for protective shield proceedings to restructure its indebtedness of ca. €200 million, including a €82 million bond.

Date: December 2012

Client:

€90 Mio.

Date: October 2012

Client:

Stefan Quandt

W.I.S. completes the restructuring of its €50 million indebtedness.

Date: May 2011

Client:

HIG / Anchorage acquire equity and debt control in Walter services.

Date: February 2011

Client: Senior Lenders / Banks

€431 Mio.

Date: January 2011

Client:

€330 Mio.

Freitag & Co advises PrimaCom AG in the restructuring of its ca. €330 million indebtedness.
Additionally, Sebastian Freitag personally assumes the role of Chief Restructuring Officer.

Date: July 2010

Client:

€1.9 Bil.

Escaline and its subsidiaries PrimaCom and Orion restructure their €1.9 billion indebtedness. Veritas Holding sells shares in Orion Cable GmbH for €884 million.

Date: 2009

Client: Escaline PIK Lenders and Shareholders of Veritas

€2.1 Bil.

Monier completes its €2.1 billion out-of-court restructuring by means of enforcement and private sale to its lenders.

Date: October 2009

Client: 2nd Lien Lenders

€550 Mio.

Honsel AG completes its €550 million out-of-court restructuring by way of enforcement and private sale to sponsor and senior lenders.

Date: July 2009

Client:

Freitag & Co advises The Carlyle Group and Edscha AG in last minute attempts to restructure the balance sheet.

Date: February 2009

Client:

€74 Mio.

Babcock Borsig AG i.I. sells its 79% stake in SCHUMAG AG to Berliner AG at an enterprise value of approximately €74 million.

Date: July 2007

Client:

€450 Mio.

Schefenacker Group completes its €450 million restructuring through migration of the group holding company and an English law Company Voluntary Arrangement (CVA).

Date: June 2007

Client:

Schefenacker

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Especially in this segment, Freitag & Co is one of the leading corporate finance advisory firms. We advise shareholders, companies, creditors, administrators or investors in situations of financial distress. In over 20 major German financial restructurings, we have restructured, exchanged, reduced or refinanced debt of €15 billion.

With creative strategies, innovative instruments and reliable processes we have, again and again, introduced structural innovations and set process milestones. With experience, competence and commitment, we establish a basis to get back on track. Towards a successful future.

Financial restructuring with Freitag & Co: Priorities

Financing
Refinancing
Debt advisory / debt reduction
Debt / equity swaps
Protection / insolvency proceedings
Emergency financing

Leading the way in expertise: Faster. Communicative. Competent.

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