Huf Hülsbeck & Fürst’s €400 Million Refinancing

GÖRG Partnerschaft von Rechtsanwälten mbB advised Huf Hülsbeck & Fürst on the deal. Dentons and Vella Pugliese Buosi e Guidoni Advogados advised the group of more than 50 promissory note holders.

Huf Hülsbeck & Fürst in Velbert (Huf) announced the refinancing of its existing financing. The transaction volume amounts to more than €400 million and includes revolving credit facilities, factoring programs as well as promissory note loans. 

Huf develops and produces mechanical and electronic locking systems, as well as vehicle access and authorization systems for the global automotive industry. Established in 1908 by Ernst Hülsbeck and August Fürst in Velbert, the family-owned company now has sites in Europe, America and Asia. According to a study by Handelsblatt, Huf is one of the 20 most innovative companies in Germany. In fiscal 2020, Huf generated sales of around 1 billion euros and employs around 7,800 people worldwide.

The GÖRG team included Dr. Thomas Lange (Picture), Partner, Banking & Finance, Cologne; Marc T. Zimmermann, Associated Partner, Banking & Finance, Cologne/Frankfurt; Eva Kötter, Associate, Banking & Finance, Cologne.

The Dentons team was led by Restructuring partner Andreas Ziegenhagen and Banking and Finance partner Dr. Matthias Eggert. The team also included associates Shirin Piroth-Amiri, Mónika Eiselt, partner Richard Fagerer, and senior associate Guy Lotem in Munich; partner Mateusz Toczyski and counsel Jaroslaw Beldowski in Warsaw; partner Jabier Badiola and Luis Belart in Madrid;

Vella Pugliese Buosi e Guidoni Advogados in Sao Paolo advised with partner Rodrigo Vella and Gabriella Maranesi Najjar.

Involved fees earner: Jabier Badiola Bergara – Dentons; Luis Belart – Dentons; Jaroslaw Beldowski – Dentons; Matthias Eggert – Dentons; Mónika Eiselt – Dentons; Richard Fagerer – Dentons; Guy Lotem – Dentons; Shirin Piroth-Amiri – Dentons; Mateusz Toczyski – Dentons; Andreas Ziegenhagen – Dentons; Eva Kötter – GÖRG Partners; Thomas Lange – GÖRG Partners; Marc Zimmermann – GÖRG Partners; Gabriella Maranesi Najjar – Vella Pugliese Buosi e Guidoni ; Rodrigo Vilardo Vella – Vella Pugliese Buosi e Guidoni ;

Law Firms: Dentons; GÖRG Partners; Vella Pugliese Buosi e Guidoni ;

Clients: Huf Hülsbeck & Fürst GmbH & Co. KG; Huf Hülsbeck & Fürst GmbH & Co. KG – Note Holders;

Author: Federica Tiefenthaler