Rainer Adlhart

Rainer’s selected experience includes advising:

Debt Financing

• IFCO on its refinancing (term loan B of €2.4 billion and RCF of €400 million)
• ASDA on a €700 million senior secured notes offering to refinance existing indebtedness and fund general corporate purposes
• IceLake Capital on the acquisition financing of quattron and NEXTRAIL
• Trench/Triton on the refinancing of a debt capital structure through a €380 million TLB facility, €130 million RCF and €75 million guarantee facility
• 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 Partner’s 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 a debt capital structure  
• Consortium of banks on IHO Holding’s multiple sustainability-linked PIK toggle high-yield notes offerings
• Profine on a €380 million high-yield notes offering and €85 million RCF
• GGW Group /Hg on the investment of 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 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 two add-on acquisitions
• Blackstone Property Partners Europe on €10 billion EMTN program and multiple investment grade notes offerings*
• Cerdia/Blackstone on its US$600 million high-yield notes offering and a US$65 million RCF*
• Constellation Automotive/TDR on a dividend recapitalization through a £695 million high-yield notes offering, a £785 million (equivalent) senior term loan facility, a £250 million RCF, and a £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 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 a €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 a CHF714 million TLB facility*
• Jaguar Land Rover on a £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 a US$40 million RCF*

Equity Financing

• True Wind Capital on Cellebrite’s US$2.4 billion deSPAC 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 deSPAC 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”