A Gleiss Lutz team has advised Five Arrows and funds advised by Deutsche Beteiligungs AG on the refinancing of Solvares Group, following the announcement of the acquisition of a material equity stake in the business by Five Arrows in March 2024.
The financing was provided by Golub Capital by way of a unitranche, a revolving credit facility and an acquisition/capex facility.
Solvares Group, headquartered in Heikendorf near Kiel (Germany), is the leading provider of Field Service Management, Field Sales Management, and Transport Management & Logistics software solutions.
Five Arrows is the alternative assets arm of Rothschild & Co and has approx. EUR 28 billion assets under management with offices in Paris, London, New York, Los Angeles, San Francisco and Luxembourg.
Deutsche Beteiligungs AG has been listed on the Frankfurt stock exchange since 1985 and is one of the most renowned private equity firms in Germany.
The following Gleiss Lutz team acted for Five Arrows and DBAG in connection with the financing: Frank Schlobach (lead, partner), Fritz Ludwig (counsel, both Banking & Finance), Dr. Ocka Stumm (partner, all Frankfurt) and Jochen Pfleger (both Tax, Hamburg).
Forward
