Gleiss Lutz has advised the holding company Zeppelin GmbH of the internationally operating Zeppelin trade, engineering and services group on the refinancing of its working capital facility in the amount of EUR 700 million.
With the new financing, Zeppelin GmbH is implementing a sustainable working capital facility and has underscored its responsibility for sustainable behaviour by including an energy saving component in its financing as well.
Zeppelin GmbH is the management holding company of the Zeppelin Group. The company is legally domiciled in Friedrichshafen, with its headquarters in Garching. Group-wide collaboration within the Zeppelin Group revolves around the management holding company and six strategic business units: Construction Equipment EU (sale and servicing of construction equipment), Construction Equipment CIS (sale and servicing of construction and agricultural equipment), Rental (rental and project solutions for construction and industry), Power Systems (drive and energy systems), Plant Engineering (general and plant engineering) and Z Lab (new digital business models).
The Zeppelin Group offers products in the areas of the sale and servicing of construction equipment, rental, drive and energy systems as well as general and plant engineering. Worldwide the Group has around 8,500 employees at 200 sites in 35 countries. In the 2018 financial year, the Group generated turnover of around EUR 2.9 billion.
The following Gleiss Lutz team advised Zeppelin on the financing: Dr. Eva Reudelhuber (partner, lead), Dr. Helge Kortz (partner) and Yana Koch (associate), all Frankfurt, Banking and Finance.
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