Ashurst advises hGears AG on post IPO refinancing

Ashurst advised hGears AG, a global manufacturer of high-precision gears and components with a focus on products for e-mobility applications, on the conclusion of a new credit agreement with a consortium of banks in a post IPO refinancing.

The new term facility has been used to refinance the Group's existing financial indebtedness. The revolving credit facility is intended for growth CAPEX in line with future capacity utilisation and ramp-up of new projects.

hGears is based in Schramberg / Germany and operates worldwide with production facilities in Schramberg / Germany, Padua / Italy and Suzhou / China. Ashurst already advised hGears on its IPO in the Prime Standard segment of the Frankfurt Stock Exchange. The listing took place on 21 May 2021.

The Ashurst team was led by partner Dr Matthias Weissinger. He was assisted by senior associate Franziska Sauer and transaction lawyer Ariana Fazlic (all Global Loans, Munich). Italian law advice was provided by partner Mario Lisanti and counsel Luca Maria Chieffo (both Global Loans, Milan).

Ashurst's German banking and finance practice advises both banks and alternative lenders, private equity investors and companies on domestic and cross-border acquisition, real estate, asset and infrastructure / project finance as well as on financial restructuring and corporate lending.