Rainer Adlhart is a member of the Capital Strategies Group, advising private equity sponsors, corporates, debt funds, and financial institutions on complex domestic and cross-border finance transactions, with particular expertise in US capital markets, private debt, and hybrid capital.

Rainer advises on:

  • High-yield bond offerings and private placements
  • Term Loan B and syndicated leveraged and acquisition financings
  • Private credit and direct lending transactions
  • Hybrid capital financings
  • Crossover and investment-grade bond offerings
  • IPOs, SPAC transactions, and capital raisings
  • Restructurings
  • Tender offers, consent solicitations, and other liability management transactions

Before joining the firm, Rainer worked at other international law firms in London and New York.

Rainer is a member of the Munich Bar Association.

Rainer’s selected experience includes advising:

Debt Financing

  • Crescent Capital on the private debt financing of Infravadis
  • ADB Safegate/Carlyle on the refinancing of its debt capital structure through a TLB facility, RCF, and guarantee facility
  • IFCO/Triton/Stonepeak on the refinancing and repricing of its debt capital structure through a €2.5 billion TLB facility and €450 million RCF
  • ASDA/TDR on its €700 million high-yield notes offering
  • IceLake Capital on the acquisition financing of quattron and NEXTRAIL
  • SGB-SMIT/One Equity Partners on several refinancings of its debt capital structure through a total of €1.3 billion TLB facility, €275 million bonding facility, and €75 million RCF
  • Trench/Triton on several refinancings of its debt capital structure through a total of €1.4 billion TLB facility, €130 million RCF, and €75 million guarantee facility
  • Triton on the acquisition financing of Flender through a €1.7 billion TLB facility, €370 million RCF, and €120 million guarantee facility
  • Constantia Flexibles/One Rock Capital on the refinancing of its debt capital structure through a €1.4 billion TLB facility, €500 million high-yield notes, and a €305 million RCF
  • Consortium of banks on OCU Group’s refinancing through a £640 million (equivalent) TLB facility, £75 million delayed draw term loan facility, £150 million RCF, and £80 million guarantee facility
  • Morgan Stanley on the acquisition financing of LEA Partners’ takeover of ORCA Software
  • Golub Capital on the acquisition financing of Marlin’s takeover of Treasury Intelligence Solutions
  • Consortium of banks on MAHLE’s €500 million inaugural high-yield notes offering
  • LGT Private Debt on the acquisition financing of Trill Impact’s takeover of TT medic
  • Spandex/Chequers Capital on the refinancing of its debt capital structure
  • Consortium of banks on IHO Holding’s multiple sustainability-linked PIK toggle high-yield notes offerings
  • Profine on its €380 million high-yield notes offering and €85 million RCF
  • GGW Group/Hg on the investment by Permira
  • Consortium of banks on Progroup’s €750 million high-yield notes offering
  • A leading private debt fund on the acquisition financing of Bregal’s takeover of Netrics
  • Seven Senders on its venture capital financing by a London-based growth capital provider
  • Zooplus/H&F/EQT on the refinancing of its debt capital structure
  • Löwen Play on its restructuring through inter alia a private placement of high-yield notes
  • Pricoa Private Capital on EMS MED TEC’s notes offering for purposes of financing selected add-on acquisitions
  • Blackstone Property Partners Europe on its €10 billion EMTN program and multiple investment-grade notes offerings*
  • Cerdia/Blackstone on its US$600 million high-yield notes offering and US$65 million RCF*
  • Constellation Automotive/TDR on a dividend recapitalization through £695 million high-yield notes offering, £785 million (equivalent) senior term loan facility, £250 million RCF, and £325 million second lien facility*
  • Consortium of banks on AstraZeneca’s €800 million investment-grade notes offering for purposes of financing the acquisition of Alexion*
  • New Look on its restructuring through inter alia a private placement of £150 million high-yield notes*
  • Intertrust/Blackstone on its €500 million inaugural “cov-lite” high-yield notes offering, €286 million (equivalent) term facilities, and €150 million RCF*
  • WIND Hellas on its €250 million high-yield notes offering*
  • Consortium of banks on Swissport’s LBO through multiple high-yield notes amounting to €690 million and CHF 714 million TLB facility*
  • Jaguar Land Rover on its £400 million “cov-lite” high-yield notes offering*
  • Public Power Corporation on its €700 million inaugural high-yield notes offering*
  • Topaz Energy and Marine on a US$350 million inaugural high-yield notes offering and US$40 million RCF*

Equity Financing

  • True Wind Capital on Cellebrite’s US$2.4 billion de-SPAC merger and subsequent listing on the Nasdaq Stock Market*
  • KION/KKR on a €813 million rights offering*
  • Hensoldt/KKR on its €460 million IPO and listing on the Frankfurt Stock Exchange*
  • Global Blue/Silver Lake on their US$2.6 billion de-SPAC merger and subsequent listing on the New York Stock Exchange*
  • Calisen/KKR on its £1.3 billion IPO and listing on the London Stock Exchange*
  • Aston Martin on its £1.2 billion IPO and listing on the London Stock Exchange*
  • JOST/Cinven on its €231 million IPO and listing on the Frankfurt Stock Exchange*
  • Consortium of banks on Delivery Hero’s €996 million IPO and listing on the Frankfurt Stock Exchange*
  • ABN AMRO on its €3.8 billion IPO and listing on the Amsterdam Stock Exchange*

*Matter handled prior to joining Latham 

Thought Leadership

  • Europa Institute at the University of Zurich, February 2025: “Kapitalmarkt – Recht und Transaktionen”
  • Private Debt Investor, September 2023: “Private debt expands toolkit in Germany”
  • Handelsblatt Research Institute, June 2022: “Compass for Germany – Pressure to act in uncertain times”

Bar Qualification

  • Certificate of Attestation from Law Society of Ireland
  • England and Wales (Solicitor)
  • New York

Education

  • LLM, Columbia University School of Law
  • Diploma in International Economics and Business Sciences, University of Innsbruck, Austria
  • Diploma in Law, University of Innsbruck, Austria

Languages Spoken

  • English
  • German
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August 25, 2025 Recognition

Latham Leads H1 2025 Capital Markets League Tables

Firm’s Capital Markets Practice once again earns top legal advisor league table rankings across debt and equity products and industries globally in Bloomberg, Dealogic, Deal Point Data, and LSEG.