Hengeler Mueller advises on restructuring of Carl Zeiss Vision

27. August 2010

Carl Zeiss AG has reached an agreement with lenders on a fundamental restructuring of the EUR 586 m / USD 389 m financing of the Carl Zeiss Vision Group. The proposed measures include a re-set of the financing conditions, various equity measures and certain contributions to the restructuring by the lenders. In addition, a large-scale debt buy back at a discount to par value will be implemented. As part of the restructuring, Carl Zeiss Vision Group, a joint venture together with the financial investor EQT, will be integrated into the Carl Zeiss Group.

Hengeler Mueller has been advising Carl Zeiss AG on the financial restructuring and the joint venture with EQT. The Hengeler Mueller team has been led by partners Daniel Weiß (Financing, Restructuring) and Georg Seyfarth (Corporate) and also included partner Thorsten Mäger (Antitrust), counsel Iris Paetzke (Corporate) as well as associates Karl Thomas Koenen, Maurice Séché, Dirk Busch, Hendrik Reffken, Patrick H. Wilkening and Mikolaj Pogorzelski.

Hengeler Mueller worked on this transaction in an Integrated Team together with law firm Slaughter and May (partner: George Seligman).