Noerr has advised Alteri Investors on the financing of the Basler Fashion Group.
Alteri, a joint venture funded by the private equity fund Apollo specialising in debt and equity financing in the retail industry, provided Basler Fashion GmbH with a working capital loan. Basler was previously taken over by the financial investor Tempus Capital.
Tempus Capital acquired the shares in Basler from a two-way trust into which the shares had been contributed at the prompting of a banking consortium led by Commerzbank. Prior to the acquisition, Tempus had taken over loan liabilities of the fashion group of ca. 80 million euros.
For the purpose of the financing, Alteri has once again relied on the legal advice of Noerr and a team led by Professor Dr Christian Pleister and Dr Nikolai Warneke. Noerr had only recently advised Alteri Investors on the takeover of the mail order group Walz.
