McDermott Advises Rubicon Partners and ABL on Successful Refinancing of ABL Group


Frankfurt, February 12, 2020 – McDermott Will & Emery has advised the ABL Group and its investment company Rubicon Partners on the successful completion of the refinancing of existing financial liabilities (combined with a growth financing component). The lender is the Patrimonium Middle Market Debt Fund, a Private Debt Fund of Patrimonium Asset Management AG focuses on medium-sized companies. GCA Altium accompanied the refinancing process as debt advisor.

The ABL Group, with ABL-TECHNIC Entlackung GmbH as the operational parent company, is a specialist service provider for industrial paint stripping and offers a broad portfolio of services ranging from paint stripping management to disposal and recovery of recyclables. The company is present at 23 locations in 14 countries. The ABL Group has been part of the Rubicon Partners portfolio since 2011.

Rubicon Partners, based in London, Munich and Shanghai, is a long-standing client of Frankfurt McDermott partner Michael Cziesla. Over the past 25 years, the company has acquired far more than 70 industrial production, sales and service companies with a value between €30 and €300 million. Recently McDermott advised on the acquisition of Kuhnle Engineering GmbH by the Rubicon portfolio company Goodridge Limited.

The McDermott team was led by Oliver Hahnelt and included Michael Cziesla, Nikolas Koutsós, Tobias Riemenschneider and Isabelle Suzanne Müller.

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McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. With 20 locations on three continents, our team works seamlessly across practices, industries and geographies to deliver highly effective – and often unexpected – solutions that propel success. More than 1,100 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.

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