Hengeler Mueller advises IKB AG on sale of IKB Leasing Group to HPS

13. July 2017

IKB Deutsche Industriebank AG (“IKB AG”) reached an agreement with investment funds managed by HPS Investment Partners, LLC (“HPS”) on the sale of IKB Leasing Group to HPS. The transaction is expected to be consummated in the second half of 2017.

IKB Leasing has approximately 23,000 customers with over 67,000 leases, primarily to SMEs. Based in Hamburg, the IKB Leasing Group consists of 14 leasing companies in ten European countries and has approximately 470 employees. HPS, through its European Asset Value Funds, invests in performing financial asset portfolios and platforms with origination and servicing capabilities.

Hengeler Mueller advised IKB AG on the transaction. The Hengeler Mueller team includes partners Frank Burmeister, Karsten Schmidt-Hern (both Corporate/M&A, Frankfurt), Martin Geiger (Structured Finance, London), Matthias Scheifele (Tax) and Christian Hoefs (Labour) (both Frankfurt) as well as associates Thomas Lang (Corporate/M&A), Bernhard K. Quensel, Theresa Pfeifle (both Structured Finance) (all Frankfurt), Steffen C. Hörner, Claudia Nees, Yasmin Holm (all Tax) and Peter Wehner (Labour) (all Frankfurt).

The core in-house legal team of IKB AG for the transaction comprises Dirk Brockmann (Finance), Jan Burchards (Capital Markets), Predrag Maksimovic (Corporate/M&A) and Ulrich Freitag (General Counsel). The core tax team comprises Holger Bachmann, Petra Ferdinand and Holger Steffens (Head of Tax).