VARTA AG secures crucial bridge financing as part of restructuring measures

Niederer Kraft Frey acted as Swiss counsel to VARTA AG in connection with a German law bridge financing agreement, which allows VARTA AG to secure key liquidity to complete its ongoing restructuring measures under the German StaRUG (German Act on the Stabilisation and Restructuring Framework for Companies). The bridge financing is a crucial part of the measures intended to secure VARTA AG’s core electronic battery industry, thereby helping to safeguard jobs and value creation in Germany and Switzerland.

VARTA AG produces and markets a diverse range of batteries including micro batteries, household batteries, energy storage systems and customer-specific battery solutions. As technology leader, VARTA AG sets industry standards in important areas of the battery technology field.

The NKF team was led by M&A/Finance partners Adrian Koller and Philip Spoerlé, working with junior associates Géraldine Küderli and Manuel Constam (both M&A/Finance) and partner Markus Kronauer (Tax).