The financing raised by Deminor Recovery Services is supported by the current shareholders as well as new investors including Saffelberg Investments, finance&invest.brussels and various other investors. The bank financing portion is provided by KBC Bank.
Our corporate team, led by partner Guy Palmaers, and supported by senior associate Ana Andreiana and associate Jérôme Dubois, was particularly involved in the structuring of the governance and shareholding arrangements at the level of Deminor Recovery Services Luxembourg. During the process, our team also provided assistance in connection with the change of the legal form of the company from a private limited liability company, to a public limited liability company, to accommodate the future growth ambitions of the Luxembourg company and the shareholder arrangements.
We have also provided assistance through our banking and finance team which combined Luxembourg and Belgian capabilities and was led by partner Anne-Marie Nicolas, with the support of associates Marko Huskic and Ignacio Jimenez Guardiola in Luxembourg and by partner Marc Vermylen supported by associate Zita Leijnse in Belgium, in connection with the mezzanine financing loan agreement and the related security package.
For more information on this deal, please refer to our client’s press release.