Goodwin advised Paragon Partners GmbH (“Paragon”), on the refinancing of the acquisition of Schell GmbH & Co. KG (“SCHELL”). The financing was provided by a lender club consisting of LBBW, ABN Amro, CIC and ODDO BHF.
SCHELL, headquartered in Olpe (Germany), is an international specialist for fittings, innovative sanitary technology products and digital solutions for maintaining drinking water quality. The company is the global market leader in water management systems and angle valves. Its portfolio for use in public and commercial sanitary facilities also includes fittings for all relevant tapping points in a building. SCHELL employs around 450 people and is active in over 80 countries.
Paragon is an owner-managed, private group of companies that has been investing in medium-sized companies in German-speaking countries since it was founded in 2004. Paragon works closely with its portfolio companies to achieve sustainable growth and operational excellence. Paragon’s portfolio covers various industries and currently consists of 13 companies. The company is headquartered in Munich and has more than €2.4 billion of equity under management.
The deal team was led by partners Folko Moroni and Winfried M. Carli and included associates Jakob Lutzenberger, Philipp Lehle and transaction lawyer Anna Zoth (all Private Equity/Finance, Munich) as well as associate Philipp Lauer (Tax, Munich).