Milbank advised the German office of Pemberton, the asset manager, on the recapitalization of Rameder Group, a leading omni-channel e-commerce distributor of automotive carrier systems in Europe. In addition to new term debt to fund a dividend payment to Rameder's shareholders, Pemberton is providing increased acquisition and capex facility commitments to support Rameder's continuing growth. FSN Capital, which acquired Rameder in 2019, intends to roll out additional installation centers and to make further acquisitions to expand the growth and product diversity of the group.
Milbank also advised Pemberton on the financing of the acquisition of Rameder by FSN Capital in 2019. Since then, Rameder has been building out its strong market position in the German market and expanded into Sweden, Finland and the Czech Republic via several add-on acquisitions.
Pemberton provides long-term financing to growth companies across Europe. It covers the German-speaking region out of its Frankfurt-based office and ranks as one of the most active private debt funds in Germany.
Rameder, headquartered in Germany, is a market leader in the distribution of automotive carrier systems and related accessories with online shops in more than 10 European countries and 200 employees. Since 1996, the firm offers, amongst others, tow-bars, roof racks, bicycle racks, ski boxes and other carrying accessories.
FSN Capital is a leading private equity investor in the Northern European region. FSN Capital Funds focus on making control investments in companies operating in the Northern Europe with enterprise values between €50 million and €300 million.
The Milbank Team, which advised Pemberton on the recapitalization, was led by partner Thomas Ingenhoven (Finance, Frankfurt) and included Thomas Kleinheisterkamp (Tax, Munich) as well as the associates Gerrit Merkel and Sebastian Trompler (both Finance, Frankfurt).