Sidley Austin LLP has advised Norddeutsche Landesbank Girozentrale (Nord/LB) on the successful completion of a trade receivables financing for Hansa Group AG. The transaction, done together with Raiffeisen Bank International, will provide Hansa Group AG cash proceeds of up to EUR 45m through the on-going purchase of receivables.
The Sidley deal team was led by Dr. Jens Rinze, whose practice focuses in capital markets and other finance industry-related transactions. Partner Werner Geisselmeier and associate Solmaz Sedighi Rad also were involved in this deal.
“Despite the decline of the general securitisations market during the recent financial crisis, trade receivables financings have seen solid development over the last few years,” said Rinze. “We were able to draw upon our vast experience in structured finance and securitisation to help reach a positive outcome for this transaction.”
Sidley has a long-standing global securities practice, with approximately 125 lawyers in the U.S., Europe, Asia and Australia who focus their primary practice in the area of capital markets. In London, Sidley has an integrated U.S. and English law capital markets team. Our team advises issuers, arrangers and other market participants on a wide range of capital markets transactions. The London team represents UK and other European issuers in connection with SEC-registered and Rule 144A offerings in the U.S., and also acts for European, U.S., Canadian, Asia Pacific and other non-EU issuers in connection with Regulation S and other securities offerings in Europe. Sidley consistently ranks among the top global capital markets firms in the Thomson Reuters league tables, with strong showings as both issuer and underwriter counsel in major security type categories, including U.S. debt and equity and international, Asia Pacific and Australia bonds.
