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A&O advises PAI Partners on acquisition financing for Apleona

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Harvey Robin
Robin Harvey

Partner

London

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Uebelhoer Walter
Dr Walter Uebelhoer

Partner

Munich

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Robinson Susanna
Susanna Robinson

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London

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18 May 2021

Allen & Overy has advised PAI Partners, a leading European private equity firm, on the financing of its acquisition of Apleona GmbH from EQT.

Headquartered in Neu-Isenburg, Germany, Apleona provides technical facility management services, complemented by infrastructural and commercial facility management as part of an integrated offering. It is the market leader for its segment in Germany, Austria and Switzerland.

The total transaction value was approximately EUR1.6 billion and was financed by a EUR765 million cov-lite term loan, a EUR145m multicurrency revolving credit facility (RCF), a EUR230m bonding facility and a EUR75m second lien facility.

Partner Robin Harvey, senior associates Xinni Lim and Tiffany Liow and associate Chris Watkins advised on the transaction from London, while partner Walter Uebelhoer and associates Rauni Ahammer and Sebastian Hanke provided advice from Munich.