The international law firm Milbank LLP has advised private equity investor Ardian and its portfolio company d&b audiotechnik on an increase of their existing syndicated loan financing in line with their successful corporate development. The comprehensive amendment agreement to the syndicated loan agreement provides, among other features, a new term facility. The financing bank consortium consists of ten banks and comprises two new banks.
Ardian is a leading private equity firm based in Paris with more than 550 employees in 15 offices. The company manages assets with a total value of approximately $82 billion in the investment categories Direct Funds, Funds of Funds, Infrastructure, Private Debt and Real Estate.
d&b audiotechnik, headquartered in Backnang near Stuttgart, Germany, is one of the world's leading suppliers of premium audio technology and produces high-end audio reinforcement systems for mobile and installed applications.
A Milbank team led by partner Thomas Ingenhoven advised Ardian and d&b audiotechnik in relation to the refinancing.
Advisor to Ardian/d&b audiotechnik: Milbank LLP
Thomas Ingenhoven (lead), Thomas Möller (both Finance, Frankfurt), Sebastian Heim, Patrick Droese (both Corporate/M&A, Munich).
