Fintech

Fintech secures EUR 100 million facility


Fintech secures EUR 100 million facility










German financial services provider creditshelf has agreed a financing deal with Goldman Sachs.

German financial services provider creditshelf has agreed a financing deal with Goldman Sachs.

Hogan Lovells provided legal advice to Goldman Sachs Bank USA as the senior lender on the transaction, which takes the form of an up to EUR 100 million senior financing facility, and which is secured by loans originated via creditshelf to small-and-medium enterprises (SMEs).

In an investor and analyst presentation on 10 November, the company said the facility “addresses [a] funding bottleneck witnessed throughout Q3.”

Established in 2014 and Frankfurt Stock Exchange-listed since 2018, creditshelf has grown to become the largest non-bank provider of finance to SMEs in Germany. It operates a data-driven lending platform providing credit solutions to business, while offering institutional investors a route to a suitable return on investment by supporting the business sector.

Hogan Lovells used a team consisting of Frankfurt partners Dietmar Helms on capital markets and Richard Reimer on financial service regulatory matters, with Düsseldorf-based Heiko Gemmel on tax, along with a broader team of counsels and senior associates.

In February Bird & Bird advised the existing owners of Berlin-based fintech FinCompare, concerning its sale to a consortium of financial services providers.

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