Dr. OlafBenning

Of Counsel

Frankfurt + 49.69.9726.3939

Dr. Olaf Benning berät Mandanten bei außergerichtlichen Restrukturierungen, Insolvenzverfahren und Distressed M&A-Transaktionen, mit Fokus auf grenzüberschreitende Fälle.

Einige der wesentlichen Mandate, an denen Dr. Benning vor seinem Wechsel zu Jones Day mitgewirkt hat, beinhalten: Fragen zum deutschen Recht in dem U.S.-amerikanischen Chapter 11-Verfahren von Lehman Brothers, der Erwerb eines großen Immobilienportfolios durch Värde Partners von der Bayerischen Hypo- und Vereinsbank (HVB), der Erwerb des Phosphat- und Phosphorsäuregeschäfts der CWP in Wittenberg durch Thermphos, der Erwerb sämtlicher Anteile an Kalle Holding und Stabilus durch den PE-Investor Montagu, Bietverfahren für mehrere große Darlehensportfolien, der Kauf des gesamten Geschäfts­betriebs des Automobilzulieferers Peguform aus der Insolvenz durch Cerberus sowie die Übernahme der Dresdner Bank durch Allianz. Andere Mandanten, die Dr. Benning vertreten hat, sind beispielsweise Bear Stearns und JPMorgan Chase, Babcock & Brown, Lone Star und 3M.

Dr. Benning hat darüber hinaus Banken, Finanzinvestoren und wichtige Marktteilnehmer im Zusammenhang mit der Insolvenz von Portfolio- bzw. Tochtergesellschaften, bedeutenden Kunden und zu kaufenden Unternehmen vertreten. Die Mandanten oder Zielgesellschaften stammten unter anderem aus dem Einzelhandel, der Automobilindustrie, der chemischen Industrie oder dem Finanzdienstleistungssektor.

Dr. Benning ist Mitglied der Turnaround Management Association (TMA Deutschland) und der Deutsch-Amerikanischen Juristenvereinigung.

Erfahrung

  • Leading automotive components and systems supplier obtains $100 million senior secured term loan facilityJones Day represented a leading automotive components and systems supplier in connection with a $100 million senior secured term loan facility.
  • Aurelius sells remaining Office Depot Europe business to strategic buyer RAJA GroupJones Day is advising AURELIUS Equity Opportunities in the sale of Office Depot Europe, which includes the remaining Viking and Office Depot Europe activities to strategic buyer RAJA Group.
  • Atlas Arteria establishes new capital structure for Warnow Tunnel in GermanyJones Day advised Atlas Arteria, a global owner, operator, and developer of toll roads, on a new approximately 29-year debt facility for its Warnow Tunnel in Germany as part of a capital restructuring.
  • Solvay sells barium, strontium and sodium percarbonate businesses to Latour CapitalJones Day advised Solvay S.A., a publicly listed chemical company based in Brussels, Belgium, on the combined sale of its technical-grade barium and strontium business in Germany, Spain and Mexico, and its sodium percarbonate business in Germany to Latour Capital.
  • Guardian Europe S.à r.l. sold Guardian Automotive glass business to PARTER Capital Group AGJones Day advised Guardian Europe S.à r.l., a subsidiary of Koch Industries, Inc., in the sale of its Guardian Automotive aftermarket glass fabrication and distribution business to PARTER Capital Group AG.
  • HOERBIGER acquires majority stake in RAGSOL GmbHJones Day advised the HOERBIGER Group in its acquisition of a majority stake in RAGSOL GmbH, an Austrian oil and gas solutions provider.
  • Ad hoc group of senior secured lenders advised in landmark restructuring of the syncreon groupJones Day acted for the ad hoc group of senior secured lenders in the landmark restructuring of the global logistics syncreon group which was implemented via English Schemes of arrangement, with chapter 15 recognition in the U.S. and CCAA recognition in Canada.
  • AURELIUS sells Solidus Solutions for €330 million (US$375.6 million)Jones Day advised AURELIUS Equity Opportunities SE & Co. KGaA on the full shop auction sale of the Solidus Solutions group to funds advised by Centerbridge Partners, L.P.
  • Pandox acquires three hotel properties in Germany for €103 million (US$115 million)Jones Day advised Pandox AB in its €103 million (US$115 million) acquisition of three hotel properties in Germany.
  • Exide Technologies completes $1.1 billion comprehensive new financing and recapitalizationJones Day represented Exide Technologies, a global leader in stored energy solutions for the automotive and industrial markets, in connection with a comprehensive new financing and recapitalization transaction.
  • Vocke Industries acquires assets of Summary AGJones Day represented Vocke Industries GmbH in connection with its acquisition of the business of Summary AG, a production e-commerce company with an emphasis on the sectors of fitness, household, gardening, fashion, and lifestyle products, by means of a distressed asset deal.
  • Lombard Medical completes restructuring of secured liabilitiesJones Day advised Lombard Medical, Inc. on the restructuring of their UK and European operations in a pre-packaged sale via an English law administration to MicroPort Scientific Corporation.
  • International Automotive Components Group completes refinancing of Senior Secured NotesJones Day advised International Automotive Components Group, S.A., a leading global supplier of automotive components and systems, in connection with the issuance of $215 million of Senior Secured Notes due 2023 to Gamut Capital Management, L.P. in a private placement.
  • Goldman Sachs provides financing to Blackstone for acquisition of IVG office portfolioJones Day represented Goldman Sachs International, as mezzanine arranger, in connection with Blackstone's €3.3 billion (US$3.6 billion) acquisition of the IVG office portfolio.
  • Tenneco sells business related automotive production plant in Gijon, Spain to Quantum Capital PartnersJones Day represented Tenneco GmbH, a developer, manufacturer, and supplier of exhaust systems to automotive manufacturers, in connection with its sale of the business related to the automotive production plant in Gijon, Spain to Quantum Capital Partners AG.
  • Jefferies completes $1.2 billion of Notes in Section 4(a)(2) and Regulation S offering by WindMW GmbHJones Day advised Jefferies International Ltd. and its affiliate Jefferies LLC, as lead placement agent and sole structuring agent, in connection with the issuance of approximately $1.2 billion of Notes in a Section 4(a)(2) and Regulation S offering by WindMW GmbH, a Blackstone portfolio company.
  • Molycorp obtains $135 million DIP financingJones Day represented Molycorp, Inc. in connection with obtaining debtor-in-possession financing of over $135 million to support its reorganization under chapter 11 bankruptcy.
  • Mahle acquires thermal division from Delphi Automotive for $727 millionJones Day advised Mahle GmbH in the acquisition of the thermal division of automotive supplier Delphi PLC for $727 million.
  • Investment manager bids for portfolio of Dutch commercial real estate loansJones Day advised an investment manager on its bid for a portfolio of non-performing multiborrower (all German funds) Dutch law loans secured by Dutch commercial real estate being sold by FGH Bank N.V.
  • Riverside acquires KEYMILE GroupJones Day advised The Riverside Company in connection with its acquisition and related financing of KEYMILE Group, a leading global supplier of communication solutions in the area of access and transmission systems for public and private telecommunication networks, operating networks of railway companies, energy suppliers, and other private network operators.