Latham & Watkins Advises Baring Asset Management on the Financing of Gilde Healthcare's Acquisitions of BENTEC Endoscopy and Hermann Medizintechnik

Latham & Watkins LLP has advised Baring Asset Management Limited as senior lender in connection with the acquisition financing for Gilde Healthcare's acquisitions of BENTEC Endoscopy GmbH and Hermann Medizintechnik GmbH through its portfolio company Surgical Precision Instruments (SPI). The financing is set up as a unitranche/super senior structure facilities and includes further acquisition and capital expenditure facilities as well as a working capital facility for the purposes of supporting further growth of the SPI group.

SPI Group is a leading MedTech CDMO specializing in high-precision surgical instruments and implants and serving leading global MedTech OEMs. BENTEC Endoscopy specializes in high-precision instruments, components, and assemblies for minimally invasive endoscopic procedures. Hermann Medizintechnik develops and manufactures surgical instruments and implants, ranging from a broad range of implant systems to customized special instruments for a variety of surgical disciplines.

The Latham team was led by Munich finance partner Thomas Weitkamp, with associates Jannis Strotmann and Valentin Mezger. Advice was also provided on tax matters by Munich partner Ulf Kieker, with associate Henning Kleymann.