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WFW advises NORD/LB on the acquisition financing for the purchase of Engelmann Sensor GmbH

24 November 2014

EN | DE

Watson Farley & Williams (“WFW”), a leading international law firm, is pleased to announce it has advised Norddeutsche Landesbank Girozentrale (“NORD/LB”) in relation to the acquisition financing for the purchase of Engelmann Sensor GmbH („Engelmann“) by NORD Holding, DMH Deutsche Mittelstandsholding and Capiton AG from the Brendecke family.

NORD/LB provided acquisition financing as well as a working capital facility.

WFW provided comprehensive advice on the financing of the transaction, which was completed on 15 October.

Engelmann Sensor GmbH develops and distributes electronic heat meters and water meters and is one of the market leaders in Europe in the field of heat meters for residential applications. It was previously owned by the Brendecke family, who acquired the company in 2002. Engelmann products are sold in over 25 countries around the world.

NORD/LB is a leading commercial bank in North Germany, working successfully in the area of acquisition financing and as lead arranger for medium-sized corporate transactions. Their investment focus lies on acquisition targets in the German-speaking region with a transaction value between €30 million and €250 million.

The WFW team in Hamburg was led by partner Dr. Stefan Kilgus. He was supported by senior associates Dr. Wichard von Hoff and associate Dr. Paul-Vincent Hahn (all Banking & Finance).

Dr. Stefan Kilgus comments: “We are delighted to have advised our long-standing client NORD/LB once again on an important acquisition financing, and to have further improved our good working relationship.”

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