Goodwin has advised PP Plants GmbH, a portfolio company of Paragon Partners GmbH (“Paragon”), on the provision of credit facilities for the refinancing of the acquisition of BALDUR-Garten GmbH and its subsidiaries (“BALDUR”).
The financing was provided by Commerzbank Aktiengesellschaft, CIC Private Debt SAS, Landesbank Baden-Württemberg, and ODDO BHF.
BALDUR is a digital direct-to-consumer platform for garden plants and garden supplies headquartered in Bensheim. The company supplies more than 1 million customers annually in the DACH region and Benelux with a broad range of over 1,500 products.
Paragon Partners GmbH is an owner-managed private group of companies that has been investing in medium-sized companies in German-speaking countries since it was founded in 2004. Paragon works closely with its portfolio companies to achieve sustainable growth and operational excellence. Paragon’s portfolio covers various industries and currently consists of 13 companies.
Goodwin’s transaction team consisted of Winfried M. Carli, Folko Moroni, Marius Garnatz Maskus, Jakob Lutzenberger, Anna Zoth, Rina Omura (all Private Equity/Debt Finance, Munich), and Philipp Lauer (Tax, Munich).