German team advises healthcare provider NOVENTI on successful €1.4 billion refinancing

Global law firm Norton Rose Fulbright has advised one of Europe's leading IT and finance providers in the healthcare sector, NOVENTI Health SE (NOVENTI) on the refinancing of its €1.4 billion syndicated loan with a consortium of banks led by Deutsche Apotheker- und Ärztebank eG. 

NOVENTI is a pharmacy-owned group of companies based in Munich. The healthcare provider is the market leader in the field of billing, merchandise management and industry software. Within this framework, the company offers software, hardware, financial services and digital platforms for service providers in the healthcare market. Its customers include, in particular, owner-managed pharmacies as well as health care professionals and health care companies close to home in Germany.

Frank Steimel, Chief Financial Officer at NOVENTI, thanks for the support: "With the support of Norton Rose Fulbright, we were able to secure the early financing commitment for our syndicated loan.  The commitment underlines to the highest degree the long-term trust and support of our bank consortium in NOVENTI."

The Norton Rose Fulbright team was led by Frankfurt partners Dr Sylwia Maria Bea (restructuring) and Dr Bernhard Fiedler (banking and finance) and included partner Dr Tim Schaper (antitrust, Hamburg), counsel Oliver Polster (corporate, Frankfurt) and associates Mid-Eum Joo, Kristina Thielemann (both banking and finance, Frankfurt), Anna-Maria Baorda and Lorenz Scholtis (both restructuring, Frankfurt).

NOVENTI was advised by general counsel Carola Thulke (in-house law).

The banking consortium was advised by a team from the law firm Latham & Watkins led by partner Sibylle Münch. The shareholder FSA e. V. was advised by a Taylor Wessing team led by partner Dr. Oliver Rothley. Andrea Schröter, Stefan Sovinz and Tim Rohde of CFC Corporate Finance Contor acted as debt advisors. In addition, the transaction was accompanied by the management consultancy Struktur Management Partner and the team led by Georgiy Michailov and Janis Steinfort.

Norton Rose Fulbright's banking and restructuring practice advises across the full spectrum of legal banking and financial service sectors, acting for parties ranging from multinational lenders to growth corporations and leading on numerous complex, cross-border banking and finance transactions for some of the world’s most prominent financial institutions and corporations.