Freshfields advises mandated lead arrangers on financing for SGB-SMIT Group

Global law firm Freshfields advised Citibank, J.P. Morgan, Barclays, UniCredit Bank and HSBC as mandated lead arrangers in connection with a fund-to-fund acquisition financing and refinancing of SGB-SMIT Group, a portfolio company of One Equity Partners. The financing consists of a €940m Term Loan B, €275m bonding facility and €75m RCF.

SGB-SMIT is a leading independent global pure-play manufacturer of a broad range of transformers for utilities, grid operators, renewable energy OEMs and industrial clients. These products include large and medium power transformers, dry-type transformers, distribution transformers, and associated services.

The Freshfields team was led by Partners Michael Josenhans, Mario Hüther and Associate Aleksandar Djurdjevic (all Frankfurt) and was supported by Counsel Shruti Dusaj (London), Principal Associates Matthis Grenzer (Berlin) and Lucas Lengersdorf as well as Associates Thilo Köhler (both Frankfurt), Enzo Paganetti (London) and Research Assistant Serra Onal (Berlin, all Finance). The team was further supported by the German Tax team and US and Dutch Finance and Tax teams.