Loyens & Loeff advised Deminor on the successful closing of their €40 million financing round
The financing round consists of equity, senior bank loans and mezzanine finance and will support the company’s rapidly growing litigation funding activities globally.
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.
Guy PalmaersPartner Attorney at law / Avocat à la Cour
Guy Palmaers, partner, is a member of the Corporate Practice Group in our Luxembourg office. He focuses on mergers and acquisitions, cross-border corporate restructurings and general counselling on corporate and securities law matters.T: +32 2 743 43 31 / +352 466 230 446 E: email@example.com
Anne-Marie NicolasPartner Attorney at Law / Avocat à la Cour
Anne-Marie Nicolas, partner, is a member of the Banking & Finance Practice Group in our Luxembourg office. She co-heads the Luxembourg Restructuring Team. Anne-Marie focuses on secured lending, including acquisition finance and real estate finance, as well as debt restructuring.T: +352 466 230 314 E: firstname.lastname@example.org
Marc VermylenManaging Partner Belgium Attorney at Law
Marc Vermylen is Managing Partner of Loyens & Loeff Brussels. He is a member of Loyens & Loeff’s Banking & Finance Practice Group and heads the global Projects Team at Loyens & Loeff. He is recognised worldwide as an expert and influential lawyer in banking law and finance law.T: +32 2 743 43 15 M: +32 475 52 31 66 E: email@example.com
Ana Nicoleta AndreianaSenior associate Attorney at law
Ana Nicoleta Andreiana, senior associate, is a member of the Corporate Practice Group in our Luxembourg office. She focuses on mergers and acquisitions, joint ventures and complex restructurings.T: +352 466 230 377 E: firstname.lastname@example.org
Ignacio Jiménez GuardiolaAssociate Attorney at law
Ignacio Jiménez Guardiola, associate, is a member of the Banking & Finance Practice Group in our Luxembourg office and a member of the Restructuring Team. He focuses on secured lending, including acquisition and real estate finance and in capital markets transactions.T: +352 466 230 615 E: Ignacio.Jimenez.Guardiola@loyensloeff.com
Zita LeijnseAssociate Attorney at Law
Zita Leijnse, associate in our Brussels office, is a member of Loyens & Loeff’s Banking & Finance Practice Group and of the Energy team. She is also a member of our firmwide Restructuring & Insolvency team.T: +32 2 773 23 35 M: +32 4 99 27 12 59 E: email@example.com