Milbank LLP advised ifm Group on its first comprehensive syndicated financing totaling €350 million, arranged with a consortium of 11 banks.
The syndicated financing serves to comprehensively refinance various bilateral financing agreements.
This new comprehensive syndicated financing strengthens ifm Group’s financial flexibility and provides a solid foundation for its continued international growth.
Since its founding in 1969, ifm has been developing, manufacturing and distributing sensors, controllers, software and systems for industrial automation worldwide. As one of the pioneers in the field of Industry 4.0, ifm develops and implements holistic solutions for the digitalization of the entire value chain “from the sensor to the ERP system." Today, ifm Group – now in its second generation of family ownership – employs approximately 8,760 people and ranks among the global industry leaders.
The Milbank team which advised ifm comprehensively was led by partner Thomas Ingenhoven and included special counsel Thomas Möller, as well as associate Robin Braun (all Finance, Frankfurt).
