Kirkland & Ellis International LLP advised Intermediate Capital Group on the refinancing of, and the acquisition of a minority equity stake in, nora systems group. Headquartered in Weinheim, Germany, nora systems is the leading manufacturer of rubber flooring worldwide, and is active in more than 80 countries, with over 1,100 employees and sales organizations in 16 countries. Completion of the transaction is subject to customary conditions and the approval of antitrust authorities.
Kirkland’s Munich-based team was led by corporate partner Volker Kullmann, and included corporate partner Dr. Björn Holland, finance partner Wolfgang Nardi, tax partner Dr. Oded Schein and finance associate Christine Kaniak.
About Intermediate Capital Group plc
Intermediate Capital Group (ICG) is a specialist asset manager providing mezzanine finance, leveraged credit and minority equity, managing approximately €12.1 billion of assets in third party funds and proprietary capital. ICG has a large and experienced investment team operating from its head office in London with a strong local network of offices in Paris, Madrid, Stockholm, Frankfurt, Amsterdam, Hong Kong, Sydney, New York, Tokyo and Singapore. Its stock (ticker symbol: ICP) is listed on the London Stock Exchange.
About nora systems
Nora systems GmbH develops, produces and markets resilient rubber floors under the brand name nora®. Headquartered in Weinheim, Germany, nora has been shaping the development of rubber floor coverings for more than 60 years as a leading manufacturer worldwide.
About Kirkland & Ellis
Kirkland & Ellis is a 1,600-attorney law firm representing global clients in complex private equity, corporate, restructuring and tax, intellectual property, litigation and dispute resolution/arbitration matters. The Firm has offices in Munich, Beijing, Chicago, Hong Kong, London, Los Angeles, New York, Palo Alto, San Francisco, Shanghai and Washington, D.C. The Munich office consists of approximately 35 attorneys who focus primarily on private equity and mergers and acquisitions, restructuring/insolvency, acquisition financing and tax.