Milbank LLP has advised a consortium of European banks, led by IKB Deutsche Industriebank AG as bookrunner and mandated lead arranger and KfW-coordinator, on a EUR 260 million KfW-backed financing of Green IT applications for United Internet AG.
With over 29 million fee-based customer contracts and over 38 million ad-financed free accounts, United Internet AG is a leading European internet specialist.
IKB Deutsche Industriebank AG, headquartered in Düsseldorf, focuses on high-end German mid-caps. IKB specializes in long-term financing for companies and projects, including public loans. The bank also offers financing solutions that can be used independently of customer balance sheets, including assistance for companies on the capital market.
The Milbank team was led by partner Thomas Ingenhoven and included special counsel Thomas Möller and associate Lara Letizia Milione (all Finance) as well as partner Thomas Kleinheisterkamp and associate Christoph Wolf (all Tax).
