Milbank advised the debt fund Pemberton on the financial recapitalization and acquisition of the E3 Group. Pemberton had provided unitranche loans to finance the expansion of the E3 Group. In the course of the recapitalization, Pemberton acquired all shares in the E3 Group from the previous sole shareholder, who left the E3 Group. Jörn Trierweiler, who had been COO of the E3 Group since the beginning of 2020, has been appointed new CEO of the E3 Group.
The shares were acquired by way of a capital increase. In the course of this acquisition of shares, the E3 Group was sustainably recapitalized, thus enabling it to emerge stronger from the current COVID-19 crisis. In this context, the existing unitranche financing of the E3 Group was also amended and restated.
Pemberton is a leading European private debt investor specializing in the provision of long-term financing for medium-sized growth companies and is one of the most active credit funds in Germany.
The E3 Group, headquartered in Frankfurt am Main, is a leading provider of support services for trade fair appearances, including the construction of trade fair stands, as well as services and support for the planning and introduction of marketing concepts and product placements. With approximately 1,500 employees across 15 locations in Europe, the Middle East, Asia, North and Central America, the group provides support to clients on more than 10,000 projects and exhibitions per year.
Advisor to Pemberton: Milbank LLP
Mathias Eisen (lead, Finance, Frankfurt), Arndt Stengel (Corporate/M&A, Frankfurt), Thomas Kleinheisterkamp (Tax, Munich), Leopold Riedl (Corporate/M&A, Frankfurt), Gerrit Merkel, Robert Kastl, and Michael Henn (all Finance, Frankfurt).