Fiduciam closes cross-border loan

A cross border deal worth €10m in the student accommodation sector has been completed by Fiduciam.

The deal involves the acquisition of two Luxembourg companies, each owning a large German student home.

The two properties both house between 200 and 250 students, with a combined value of €20m.

The firm says that the loan was completed within six weeks of the sale and purchase agreement being signed.

It adds that the biggest constraint was the legal framework and the share acquisition financing involving three jurisdictions.

Marieke Eskens, director at Fiduciam, said: “Lending to enable cross-border corporate acquisitions requires specialist knowledge and experience.

“The team here at Fiduciam not only understood what had to be done to get this loan over the line, but also how to do it in the imposed timeframe.

“It was a one-off opportunity for the client and the added risk that other interested parties might emerge made it a race against the clock.

“In total we coordinated eight legal counsels, three notaries and two accountancy firms involved in representing the interested parties across all three countries.”

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