Goodwin has advised Terras Holding GmbH ("Terras Holding") and its subsidiaries ("Terras Group") on the completion of a refinancing and the simultaneous commitment of acquisition facilities for further add-on activities. The credit facilities are provided by Oldenburgische Landesbank Aktiengesellschaft ("OLB") and several funds managed by Apera Asset Management Limited ("Apera").
Terras Group, a portfolio company of Auctus Capital Partners AG, is a German infrastructure provider with an annual revenue of around 150 million Euro that creates group-wide synergies through horizontal integration along the value chain. Traditional underground engineering is the backbone of Terras Group and is flanked by specialized suppliers, such as construction companies in road construction, railway construction, sewer construction and resource providers such as quarries or landfill sites. Terras Group is active throughout Germany.
Apera is an independent European private debt manager providing private capital solutions to mid-market companies in Western Europe. Apera was established in 2016 and has cumulatively invested more than 3.5 billion Euro in over 150 transactions across Europe.
OLB is a private bank from Northwest Germany established in 1869 with around 966,000 customers and total assets of 32.3 billion Euro. OLB acts as a financial partner for customers throughout Germany and in selected neighbouring European countries and has a leading market position for specialized lending in attractive market niches.
The Goodwin transaction team was led by partners Folko Moroni and Winfried M. Carli and included associate Jakob Lutzenberger and transaction lawyer Rina Omura (all Private Equity/Finance, Munich) as well as partner Oded Schein (Tax, Munich).