We advised auxmoney GmbH, the largest credit marketplace in Continental Europe, on its €150 million financing round, led by Centerbridge with participation of certain existing investors including Foundation Capital.
In addition to the capital increase, Centerbridge will acquire shares from certain existing shareholders and become the majority shareholder of auxmoney. Existing VC investors such as Index Ventures, Union Square Ventures and Foundation Capital will stay on board.
Centerbridge's investment in auxmoney is still subject to customary regulatory approvals.
auxmoney was advised by an international Orrick team featuring lawyers from our German, U.S. and UK offices, led by Düsseldorf-based M&A and private equity partner Sven Greulich and counsel Carsten Bernauer.
auxmoney’s inhouse legal team was led by General Counsel Esther Hackl and included Christian Brenscheidt, Deputy Head of Legal at auxmoney.
The Orrick team also included Johannes Rüberg, Eva Dittes, Onur Öztürk, Lars Garling, Ben Boi Beetz (all M&A and private equity, Düsseldorf), Christoph Brenner (M&A and private equity, Munich), James Connor, Dan Wayte (both M&A and private equity, London), Stefan Schultes-Schnitzlein, Carsten Engelings, Andreas Skupien (all tax, Düsseldorf), John Narducci, Stephen Lessard (both tax, New York), Jonathan Rosen (tax, London), Timo Holzborn (capital markets, Munich), André Zimmermann, Louisa Kallhoff (both employment, Düsseldorf), Ian Shaw (compensation & benefits, London), Lars Mesenbrink, Julius Schradin (both antitrust, Düsseldorf).