Private placement of a promissory note for FCR Immobilien AG

Sector(s)
Business Services / Food & Agro
Deal type
Debt Advisory
Date
May 2022
Countries involved
Germany

Client

The dynamically growing FCR Immobilien AG is a portfolio holder specializing in shopping centers and retail parks in Germany

Deal

Capitalmind assisted FCR Immobilien AG on the issuance and structuring of a promissory note of EUR 10m

Parties

Lead team

  • Torsten Aul

    Torsten Aul

    Partner Germany

About the deal

The dynamically growing FCR Immobilien AG is a portfolio holder specializing in shopping centers and food anchored retail properties in Germany. The focus is on properties in promising secondary locations that offer above-average return potential. FCR holds more than 100 properties in the real estate portfolio with annualized actual net rent of € 30 million and a fair market value of more than € 400 million.

Tenants are well known brands such as EDEKA, Netto, Rossmann, TOOM, REWE and Norma.

FCR focuses on broadening of its financing base as well as a continuous reduction of the average financing costs. In this context, an unsecured new promissory note loan with an attractive interest rate has been arranged.

The private placement will be used to finance growth. Capitalmind was able to successfully execute the process in a swift manner.

Capitalmind assisted the shareholder and management during the entire transaction process. We ensured that our client’s interests and expectations were met and delivered a time efficient process.

“The unsecured promissory note financing is a major step for implementing the long-term financing strategy of our group. Due to Capitalmind’s investor knowledge and deep insights of the financing market we were able to achieve the best possible terms. it has been a pleasure working together with the Capitalmind team”. Falk Raudies, Founder & CEO FCR Immobilien AG

What we did

Capitalmind acted as a Financial Advisor for the issuance of the financing:

  • Advisory on the structure of the transaction and identification of suitable investors
  • Preparation as well as constant updating of the documents and project schedule
  • Consultation regarding the bank aspects of the transaction
  • Efficient process management and coordination between parties.