McDermott Advises ELF Capital on Growth Financing for International Cleantech Leaders ABIONIK

Overview


Frankfurt, December 18, 2020 – McDermott Will & Emery has advised ELF Capital Group on a unitranche financing for Berlin-based cleantech company ABIONIK. ELF Capital provides ABIONIK with a medium to long-term financing in the amount of over €20 million, which will be used to replace the firm’s previous bank financing and to support further growth.

ABIONIK is a pioneer in the environmental technology industry with nearly 30 years of experience in water and air treatment. The product portfolio, with brands including Martin Systems, Likusta and Steinhardt, serves municipal as well as industrial and maritime environments. The group is present in Germany, China and India with approx. 200 employees and generates €35 million in turnover (2020).

ELF Capital Group specializes in flexible financing solutions for medium-sized companies especially in Germany, Austria and Switzerland as well as Northwest Europe. Investments range from €10 to €40 million, with a focus on solutions for companies with solid and profitable business models, a leading market positioning and good growth prospects.

The McDermott team advising ELF Capital Group comprised Oliver Hahnelt, Nikolas Koutsós, Nina Siewert, Tobias Riemenschneider and Ardalan Zargari.

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