Norton Rose Fulbright advises NOVENTI on successful restructuring through refinancing of €1.218 billion

Global law firm Norton Rose Fulbright has advised NOVENTI Health SE, one of the leading IT and financial service providers in the healthcare sector, on the refinancing of its €1.218 billion syndicated loan with a banking consortium led by Deutsche Apotheker- und Ärztebank eG. This marks the successful completion of the restructuring process initiated in 2023.

NOVENTI is a pharmacy-owned group of companies based in Munich. The healthcare provider is the market leader in the field of billing, merchandise management and industry software. Within this framework, the company offers software, hardware, financial services and digital platforms for service providers in the healthcare market. Its customers include, in particular, owner-managed pharmacies as well as health care professionals and health care companies close to home in Germany.

Frank Steimel, CFO of NOVENTI, expresses his gratitude for the support:

"With the support of Norton Rose Fulbright, we successfully secured the refinancing of our syndicated loan. This strongly underscores the long-term trust and backing of our banking consortium in the NOVENTI organization."

The Norton Rose Fulbright team was led by Frankfurt partners Dr. Bernhard Fiedler (Banking and Finance) and Dr. Sylwia Maria Bea (Restructuring), and included partner Dr. Christoph Ritzer (Cybersecurity and Data Protection), counsel Oliver Polster (Corporate, Hamburg), as well as associates Kristina Thielemann (Banking and Finance, Frankfurt), Anna-Maria Baorda, and Lorenz Scholtis (both Restructuring, Frankfurt).

On the NOVENTI side, Carola Thulke, Director of Legal & Compliance, and Felix Weigend, Senior Corporate Counsel, were involved.

The banking consortium was advised by a team from the law firm Latham & Watkins under the lead of partner Sibylle Münch. Andrea Schröter and Henrik Haeder of CFC Corporate Finance Contor acted as debt advisors.

Norton Rose Fulbright's finance practice advises across the full spectrum of banking and financial services law. It represents parties ranging from multinational lenders to growth companies and leads numerous complex, cross-border banking and finance transactions for some of the world's best-known financial institutions and corporations.