Dr. NickWittek

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Frankfurt + 49.69.9726.3917

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Nick Wittek has a unique skill set of combining structured finance, derivatives, and asset management experience with technological innovation, with a current focus on blockchain. With more than 15 years of experience, he is a go-to adviser for financial institutions, asset managers, and institutional clients to advise on the structuring, regulation, and documentation of structured finance transactions.

Nick has an extensive background working on securitizations, loan funds, asset-backed securities (ABS), collateralized loan obligations (CLOs), Schuldschein loans, asset-backed commercial paper (ABCP) programs, International Swaps and Derivatives Association (ISDA)-based swaps and derivatives, (secured) repos, structured covered bonds, repackagings, secured note programs, asset-based lending, factoring and supply chain financings, as well as portfolio transactions.

Nick has a wide range of experience in capital markets, clearing, securities settlement, and tax issues related to derivatives and financing transactions. He regularly advises on regulatory questions regarding financial products, including European Market Infrastructure Regulation (EMIR), Capital Requirements Directive/Regulation (CRD IV/CRR), Solvency II, Alternative Investment Fund Managers Directive (AIFMD), and the German Capital Investment Act (Kapitalanlagegesetz), and regulatory investment restrictions under the Investment Ordinance (Anlageverordnung).

Nick is recommended by JUVE for structured finance transactions. He has (co-)authored several articles on securitizations and loan funds in Germany and also ran a webinar series on debt funds in Germany.

Experience

  • Deutsche Börse AG participates in €14.4 million strategic Series B financing round of HQLAx, a FinTech developing innovative DLT/blockchain solutions for liquidity managementJones Day advised Deutsche Börse AG in connection with the €14.4 million strategic Series B investment round of financing for Luxembourg-based FinTech HQLAx.
  • OakNorth refinances Staycity GroupJones Day advised OakNorth Bank plc in connection with its refinancing of the Staycity Group, an Irish-owned pan European aparthotel business with 21 properties across the UK, France, Ireland, Italy, and Germany.
  • J.F. Lehman acquires Global Marine GroupJones Day advised long-standing client J.F. Lehman & Company, a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government, and environmental sectors, in connection with the acquisition and related financing of Global Marine Group.
  • 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.
  • 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.
  • Volkswagen Bank renews auto-loan securitization programme in compliance with STS requirements under EU Securitization RegulationJones Day represented Volkswagen Bank GmbH, a subsidiary of Volkswagen AG, as originator, in connection with an auto loan securitization programme for the issuance by Driver Master S.A. (acting with respect to its Compartment 1) of up to €10 billion asset-backed floating rate Class A Notes and asset-backed floating rate Class B Notes.
  • LBBW issues blockchain-based asset-backed securitiesJones Day advised Landesbank Baden-Württemberg (LBBW), a universal bank and the central bank of the savings banks in Baden-Württemberg, Saxony, and Rhineland-Palatinate in Germany, on its pilot project regarding the blockchain-based issuance and redemption of asset-backed commercial paper (ABCP).
  • Crestline Direct Finance provides $125 million senior secured term loan to subscription based online retailerJones Day advised Crestline Direct Finance, as administrative agent, collateral agent, and sole lead arranger, in connection with a $125 million senior secured term loan facility provided to a subscription based online retailer.
  • capsensixx completes IPO of Common Shares in Germany and LuxembourgJones Day advised capsensixx AG as issuer's counsel in its initial public offering of Common Shares in Germany and Luxembourg with a concurrent private placement in certain jurisdictions outside of the U.S. and subsequent listing of the entire share capital on the Prime Standard of the Frankfurt Stock Exchange.
  • Fintech company seeks advice on development of blockchain platformJones Day is advising a fintech company on the development of a blockchain platform.
  • KBC Bank provides credit facility to Capiton for acquisition of majority stake in GemacoJones Day represented KBC Bank NV in connection with a credit facility provided to Capiton, a German private equity firm, to finance the acquisition of a majority stake in Gemaco, a Belgian manufacturer of marketing and publicity materials.
  • MAHLE sells its industrial filtration business to Filtration GroupJones Day advised MAHLE in the sale of its industrial filter business to Filtration Group Corporation.
  • Aurora Resurgence portfolio company acquires Karl Höll GmbHJones Day represented Aurora Resurgence in connection with the add-on acquisition and related financing by portfolio company Alltub Group, a producer of collapsible aluminum tubing, of Karl Höll GmbH & Co. KG, a manufacturer of collapsible aluminum and laminate tubes.
  • Sequoia Economic Infrastructure Income Fund completes £175 million of C Shares on London Stock Exchange's Main MarketJones Day represented Sequoia Economic Infrastructure Income Fund Limited, a Guernsey-based infrastructure debt fund, in connection with its £175 million (US$254.5 million) Open Offer, Placing, and Offer for Subscription of C Shares on the London Stock Exchange's Main Market, and the creation of a Placing Programme giving authority to allot up to 120 million Ordinary Shares, on a non pre-emptive basis, until 5 May 2017.
  • BNP Paribas acquires certain assets and liabilities from RBS relating to its structured retail investor products and equity derivatives businessJones Day advised BNP Paribas on its acquisition of certain assets and liabilities from Royal Bank of Scotland PLC relating to the structured retail investor products and equity derivatives businesses.
  • Large automotive interior components supplier obtains $300 million and €175 million senior secured global revolving credit facilitiesJones Day represented a large automotive interior components supplier in connection with the negotiation and documentation of $300 million and €175 million (US$196.7 million) senior secured global revolving credit facilities with a syndicate of banks led by CF Lending, LLC as administrative agent and GE Capital Markets, Inc. as lead arranger.
  • Volkswagen Financial Services establishes auto loan securitization program Driver MasterJones Day advised Volkswagen Financial Services in connection with the establishment of the auto loan securitization program Driver Master S.A.
  • RBS subsidiary provides financing to German-based consultative staffing firmJones Day represented RBS Invoice Finance, a subsidiary of The Royal Bank of Scotland Group Plc, in connection with an accounts receivables financing provided to a leading German-based consultative staffing firm specializing in various technologies.
  • Volkswagen Financial Services, Citigroup Global Markets Limited, and Lloyds Bank securitizes German car loansJones Day advised Volkswagen Financial Services and two joint lead managers, Citigroup Global Markets Limited, and Lloyds Bank plc, in connection with the €750 million (US$849.6 million) Driver 13 auto loan securitization.
  • UniCredit Bank AG provides financing to Alcatel USJones Day advised UniCredit Bank AG, as mandated lead arranger, in connection with a trade receivables financing provided to Alcatel US whereby Alcatel is selling, on a revolving non-recourse basis, receivables owed by Sprint Communications to Aros Funding.
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    December 2020 External Publications

    BAI Newsletter VI/2020 - Die Kryptoverwahrstelle im Rahmen der OGAW- und AIFM-Regulierung

    August 2020 Commentaries

    Boosting Blockchain: Germany to Introduce Electronic Securities

    April 2020 White Paper

    Act to Mitigate the Consequences of the COVID-19 Pandemic Under Germany's Civil, Insolvency and Criminal Procedure Law of 27 March 2020

    December 2019 Commentaries

    AMF Establishes New Legal Framework for Digital Asset Service Providers in France

    July 2019 Jones Day Publications

    Setting Up Crypto Funds in the European Union

    June 2019 Commentaries

    Germany to Implement EU Anti-Money Laundering Directive with Cryptocurrency Licensing Requirements

    February 2019 Alerts

    ISDA Publishes Legal Guidelines for Smart Derivatives Contracts

    November 2018 Jones Day Publications

    Blockchain for Business

    October 2018 Commentaries

    Game Changer for Cryptocurrency in Germany? Court Holds No License Required to Trade Bitcoins

    August 2018 Jones Day Publications

    International Regulators Announce Plans for a Global Innovation Sandbox
    View All

    Additional Publications

    • December 2019
      Blockchain-Technologie in der Unternehmensfinanzierung - Spielerei oder Gamechanger?
    • November 2019
      BAI Newsletter V/2019 – Wertpapiere auf der Blockchain: Auswirkungen einer neuen Assetklasse im Rahmen der Fondsstrukturierung
    • August 2018
      BAI Newsletter IV/2018 - Blockchain und Asset Management

    Speaking Engagements

    • October 27, 2020
      BAI (Bundesverband Alternativer Investments) Webinar - Das Gesetz zur Einführung von elektronischen Wertpapieren - das deutsche Wertpapier- und Depotrecht im Umbruch!
    • October 2, 2020
      TSI Congress 2020 - Market talk: Crypto assets 4.0 – Consequences of asset tokenisation for the securitisation of these assets and preferred assets for tokenization
    • September 29, 2020
      15. Fachsymposium Derivate & Recht - Digital Update - aktuelle Entwicklungen im Bereich Krypto Assets und Digitalisierung
    • October 9, 2019
      WM-Seminar Recht der FinTechs - Blockchainbasierte Wertpapiertransaktionen
    • September 25-26, 2019
      TSI Congress 2019 - Crypto assets: How important are cryptocurrencies, tokens, ICO and other types of digital assets for securitisation purpose?
    • June 13, 2019
      Jones Day German Client Conference 2019 - Blockchain-The future is now
    • April 26,2018
      ERA Seminar - Corporate Governance for Banks in the Post-Crisis Environment
    • January 16, 2019
      Protos Blockchain Summit 2019 - International Investment Regulation and Privacy
    • January 16, 2019
      Blockchain: A U.S. Perspective and Implications for the Banking Business
    • September 27-28, 2018
      TSI Congress 2018—Securitisation and Asset-Based Finance in Times of Change
    • June 22, 2018
      ERA Seminar - FinTech: regulatory and supervisory challenges from a national and supranational perspective
    • June 7, 2018
      Jones Day German Client Conference 2018 - Blockchain-Hype or Revolution? Discovering the potential for the industry of tomorrow
    • April 17, 2018
      Solar-Workshop: Energiewende - Blockchain - Kryptowährung
    • June 12, 2017
      Jones Day German Client Conference 2017 - Blockchain Decoded 4.0: What It Is, How It Works and How It WillShape Financial Markets
    • September 28 & 29, 2017
      TSI Congress 2017 - Credit funds vs. managed CLO–new market developments and key drivers
    • March 24, 2017
      BAI (Bundesverband Alternativer Investments) Workshop Private Debt: Fond- and securitisation structures for German VAG and Solvency 2 investors to access the private debt market
    • September 8 - October 20, 2016
      Webinar: Debt Fonds - Praxisreihe zu Aufsatz, Rendite und Strukturen & Co.
    • September 8 - October 20, 2016
      Debt funds – a webinar series on structuring and practical issues as well as returns achievable with debt funds
    • June 14-16, 2016
      Global ABS 2016
    • January 21, 2016
      Jones Day Breakfast - Credit Funds: A reality check - Taking the view of a management company (Kreditfonds: Grau ist alle Theorie – Die Praxis aus Sicht einer KVG)
    • January 21, 2016
      Credit Funds: A Reality Check - Taking the View of a Management Company
    • October 9, 2014
      Jones Day Banking & Finance Breakfast - Alternative Forms of Financing
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