Mayer Brown has advised proFagus Group, a leading German manufacturer of natural additive products (e.g. smoke flavorings used in the food industry, acetic acid, grit, tar and tar oil) and high-quality and environmentally friendly barbecue charcoal and related products, on the successful refinancing of certain of its existing financial indebtedness. proFagus Group is a portfolio company of Borromin Capital Management.
The refinancing has provided the proFagus Group with the means, despite the uncertain economic environment, to repay, among other things, existing financial liabilities, vendor loans and certain shareholder loans and to finance general corporate purposes and capex measures.
The Mayer Brown team advised on the refinancing and also provided corporate, real estate and tax law advice.
Borromin Capital Management (formerly, Steadfast Capital) is an independent private equity investor focused on medium-size businesses in the DACH and Benelux countries, and Dr. Julian Lemor and his team have advised Borromin Capital for more than 15 years.
A multi-practice Mayer Brown team acted for proFagus Group. The team was led by Banking & Finance partners Dr. Martin Heuber and Bernina Butt and Corporate & Securities partners Dr. Julian Lemor and Dr. Robert John and included, among others: Corporate & Securities — associates Anna-Lena Haggeney and Anne Bagdons; Banking & Finance — counsel Kirsten Schürmann, associate Juliane Thon and transaction lawyer Diego Noriega; Real Estate — counsel Elmar Günther and Tax — counsel Susan Günther (all Frankfurt).