DGAP-News: Willkie Farr&Gallagher LLP: Willkie Advises AXA Private Equity on its Recapitalization of HSE24 Group
(firmenpresse) - DGAP-News: Willkie Farr&Gallagher LLP / Key word(s): Payout
Willkie Farr&Gallagher LLP: Willkie Advises AXA Private Equity on
its Recapitalization of HSE24 Group
24.03.2011 / 10:32
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AXA Private Equity, Europe's leading diversified participation holding
company, recently replaced portions of the shareholder loans linked to
HSE24 Group with additional debt.
AXA Private Equity acquired the multichannel home shopping provider out of
Arcandor's insolvency proceedings in 2009 and financed the acquisition with
100% equity. Portions of the shareholder loans were refinanced in July
2010 through syndicated senior loans in the amount of EUR 112,5 million
arranged by Unicredit Bank AG (UniCredit), München, and DZ BANK AG (DZ
Bank), Frankfurt.
HSE24 Group, headquartered in Ismaning, Germany, is the second-largest home
shopping provider in Germany. The company provides 24-hour home shopping
programming on three independent channels (HSE 24, HSE24 EXTRA and HSE24
TREND) via its E-Commerce-Platform. HSE24 has achieved continuous growth
since its founding in 1996. 2010 marked its most profitable year to date,
representing a disproportionately high growth-rate in the tele-shopping
market.
The Willkie team advising AXA was led by partner Jan Wilms (Finance) and
included partner Mario Schmidt (Corporate/Private Equity) and associates
Tobias Daubert and Jan-Claudio Munoz (Finance, Frankfurt), Luca Leonardi
and Massimo Chiais (Finance, Mailand), Gregoire Finance and Mathieu Frick
(Finance, Paris).
Willkie Farr&Gallagher LLP is an international law firm, comprising
approximately 640 attorneys in offices in New York, Washington, Paris,
London, Milan, Rome Frankfurt and Brussels. The firm is headquartered in
New York City at 787 Seventh Avenue, Tel.: 001 212 728 8000.
Frankfurt, March 2011
End of financial news
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116796 24.03.2011
Datum: 24.03.2011 - 10:32 Uhr
Sprache: Deutsch
News-ID 33568
Anzahl Zeichen: 0
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