Global law firm Freshfields has advised a banking consortium on the refinancing of the existing syndicated loan facilities of Tengelmann Warenhandelsgesellschaft KG (Tengelmann).

Tengelmann, headquatered in Munich, is the holding company of the Tengelmann Group, a family-owned business established in 1867. As an active family equity investor, the group currently holds more than 50 investments across Europe and North America. Its diverse portfolio includes major retailers OBI and KiK, the real estate company TREI and early-stage investment platforms such as Tengelmann Ventures, Emil Capital Partners and Tengelmann Growth Partners.

The refinancing was initiated to address upcoming maturities and provide additional liquidity for portfolio development. The new syndicated facilities, arranged by a consortium of eight banks, provide increased operational flexibility and support Tengelmann’s future investments.

The Freshfields team was led by Partner Frank Laudenklos and included Principal Associates Dennis Chinnow and Lucas Lengersdorf as well as Associates Beatrice Zobel and Thilo Köhler (all Finance, Frankfurt).

Freshfields has previously advised a banking consortium on financing transactions involving Tengelmann, including a syndicated loan agreement in 2021 led by Commerzbank and DZ Bank (press release).