Hengeler Mueller advises banks on EUR 250 million bridge financing for Villeroy & Boch to finance the acquisition of Ideal Standard

Villeroy & Boch, one of the world's leading premium manufacturers of ceramic products, has acquired the operating companies of the Ideal Standard Group under a purchase agreement signed on 18 September 2023. The purchase price is based on an enterprise value of approximately EUR 600 million and is to be financed from existing liquidity as well as a bridge financing of EUR 250 million provided in equal parts by Landesbank Baden-Württemberg (LBBW) and Commerzbank Aktiengesellschaft.

Hengeler Mueller is advising the banks in connection with the underlying binding financing commitment. The bridge financing shall be executed in the coming weeks.

Hengeler Mueller team for the LBBW and Commerzbank Aktiengesellschaft

Financing: Daniela Böning (partner, lead), Laura Kylmänen and Niclas Claussen (both associates, all Frankfurt).