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goetzpartners advised the shareholders, during uncertain times within the German footwear retail sector caused by the Corona pandemic, on the successful refinancing of Görtz Group, the leading omnichannel premium footwear retailer in Germany. We provided key support during the whole refinancing process via a comprehensive set of advisory services, enabling a successful refinancing in the challenging retail sector. Our mandate started in the last quarter of 2019 with the preparation of a multi-year business planning model, including the newly introduced marketplace model for the Görtz Online Shop, unmatched on the German market. Based on the business plan we structured the financing solution for Görtz Group which was then incorporated into a debt memorandum to approach our vast network of financing parties. Closely before successful closing of the refinancing syndicate, the Corona pandemic led to a complete drain within the German credit lending market and demanded a quick reaction. Via an immediate update of the business plan and determination of the liquidity need of Görtz Group we created a key paper including a financing proposal that was used for successful application and refinancing within the KfW Sonderprogramm. The transparent and comprehensive information provision by us crucially helped to reach a positive votum by the incumbent banks and the KfW for refinancing of the credit facilities at an increased financing volume. During the contract phase we advised on negotiating the economic terms to ensure that future contractual obligations allow Görtz Group enough headroom to successfully expand its business activities over the next years.
DEBT ADVISORY TEAM Philipp Widmaier Managing Director Email Marius Wolter Associate M&A TEAM Daniel Bentrup Director Philipp Jaeck Associate Daniel Quast Analyst Moritz Schneider Analyst