Hengeler Mueller advises Otto Payments on refinancing of e-commerce platform Otto Market

Hengeler Mueller advises Otto Payments GmbH (Otto Payments), the Otto Group's central payment service provider, on the refinancing of Otto Market. Otto Market is an e-commerce platform in the B2C sector that enables external retailers to sell products directly via OTTO.de. The refinancing was structured in part via an asset-backed securities (ABS) transaction. DZ Bank AG via the CORAL ABCP programme and UniCredit Bank GmbH are involved as investors.

The transaction was closed on 5 February 2026. Hengeler Mueller advised Otto Payments comprehensively on the transaction.

Hengeler Mueller team for Otto Payments

Structured Finance: Martin Geiger (partner, lead, London), Bernhard K. Quensel (senior associate, Frankfurt), Lukas Heppekausen (associate, London),

Tax: Markus Ernst (partner, München), Sebastian Heinrichs (counsel), Jan Adami (senior associate, both Frankfurt).