Fieldfisher Paris advises AKKA Technologies for Schuldschein bond private placement for 140 million euros
Fieldfisher has advised the company AKKA Technologies on its first Schuldschein bond private placement for 140 million euros.
In October 2014, Fieldfisher acted for the company AKKA Technologies on its first Schuldschein bond private placement for 140 million euros.
AKKA Technologies placed a Schuldschein-type bond (private placement subject to German law). Strong demand from German and Asian investors prompted the Group to almost double the initial amount of the placement to €140 million, with two tranches maturing in 5 and 7 years and a mix of fixed and variable interest rates.
Successfully placed, this transaction adds to the €100 million private bond placement ("Euro PP") carried out by AKKA Technologies in February 2013.
As a leading group in Germany and France in the automotive and aerospace industries, AKKA Technologies has been working for 25 years with industry and service sector companies in their quest for innovation and improved productivity.
The Fieldfisher Paris team comprised Jean-Baptiste Van de Voorde, partner, and Natalia Muradova, associate. Laurent Gessay (Financial Director) and Jean-Philippe Laligand (Groupe Legal Director) from AKKA Technologies also worked on this transaction.
Dr. Marius Kuschka from the law firm Engel Heckmann & Partner advised AKKA Technologies on the German law aspects of the transaction.