LSP advises Commerzbank led syndicate on the financing of the acquisition of Doduco Group by Saxonia Edelmetalle
LSP advised a bank syndicate led by Commerzbank on the financing of the acquisition of Doduco Group by Saxonia Edelmetalle. On the side of the banks also Landesbank Baden-Württemberg was involved in the transaction as further Mandated Lead Arranger and Lender. Seller is the New York based private equity fund Tinicum Capital Partners, whose investment in Doduco Group, after ten years of ownership, ended with the completion of the acquisition.
The financing package comprises three facilities including a revolving credit facility which may, inter alia, be used by certain Doduco companies as ancillary facilities and also as local facility for working capital purposes in China.