Refinancing the acquisition of XORTEC GmbH – funding by Volksbank eG - Die Gestalterbank
December, 2022 - Germany
With a Frankfurt-based team led by Partner Thomas K. Schrell, business law firm Heuking Kühn Lüer Wojtek advised Volksbank eG – Die Gestalterbank on refinancing the majority shareholding in Xortec GmbH by funds advised by Beyond Capital Partners GmbH and by the former owners.
The refinancing of existing corporate transactions under the umbrella of Xortec GmbH enabled the investors to release contributed equity and to optimize the financing structure with a balanced financing mix. In addition, funding is flexible and future-oriented and covers future group acquisitions.
Beyond Capital Partners is an investment firm advising its funds on the acquisition of majority shareholdings in profitable SMEs in the Germany/Austria/Switzerland region focusing on the asset-light segments of business services, IT, software, healthcare, lifestyle, and entertainment. www.beyondcapital-partners.com/index_en.php
Based in Frankfurt am Main, Xortec GmbH is a leading provider of network-based video surveillance and data communication solutions. The company focuses on the sale of professional video surveillance solutions and a comprehensive range of accompanying services. www.xortec.de
Heuking Kühn Lüer Wojtek comprehensively advised the lending financing institution on drafting, structuring, negotiating, and implementing the entire funding documentation.
Counsel to Volksbank eG
Heuking Kühn Lüer Wojtek:
Thomas K. W. Schrell, LL.M. (Lead),
Anja Harms (both Finance), both Frankfurt
