Rodenstock Group’s €395 Million Refinancing

Sidley advised Compass Partners International and Rodenstock Group on the transaction

Rodenstock Group, a German manufacturer of high-quality progressive lenses, completed its refinancing of senior debt with a €395 million cov-lite TLB.

The transaction involved significant collaboration between Sidley’s offices in London and Munich and demonstrated the international, multi-disciplinary team’s ability to execute market leading leveraged finance transactions involving English-law governed finance documents and German structuring and collateral arrangements.

The Sidley team was led by partners Dr. Markus Feil (Picture – Global Finance, Munich) and James Crooks (Global Finance, London), with support from partners Volker Kullmann (Private Equity/M&A, Munich), Nicole Janssen (Private Equity/M&A, Munich), Dr. Roderic Pagel (Tax, Munich) and Bryan Robson (Global Finance, London). Additional assistance was provided by associates Martin Michalski, Simon Luthar, Iram Tariq, Eleanor Cizeron (all Global Finance, London), Maximilian Mayer, Dr. Peter Gseller and Xenia Pisarewski (all Global Finance, Munich) and Jörg Fischer and Jacob Schreiber (both Tax, Munich).

Involved fees earner: Eleanor Cizeron – Sidley Austin LLP; James Crooks – Sidley Austin LLP; Markus Feil – Sidley Austin LLP; Jörg Fischer – Sidley Austin LLP; Peter Gseller – Sidley Austin LLP; Nicole Janssen – Sidley Austin LLP; Volker Kullmann – Sidley Austin LLP; Simon Luthar – Sidley Austin LLP; Maximilian Mayer – Sidley Austin LLP; Martin Michalski – Sidley Austin LLP; Roderic Pagel – Sidley Austin LLP; Xenia Pisarewski – Sidley Austin LLP; Bryan Robson – Sidley Austin LLP; Jacob Schreiber – Sidley Austin LLP; Iram Tariq – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Compass Partners International; Rodenstock GmbH;