Johannes Kremer
Dr. Johannes Kremer is head of Skadden’s German banking practice and focuses on domestic and cross-border bank finance matters, including bank regulatory work, multilayered bank/bond leveraged acquisition finance, real estate finance, project finance, commodity finance, securitisations and general corporate lending, including corporate refinancings and restructurings.

Bio

Prior to joining Skadden, Dr. Kremer was a partner in the banking department of another leading international law firm and was based in its Frankfurt and London offices.

Representative clients, deals or matters include:

  • LANXESS AG, a global specialty chemicals company, in the bridge financing of its US$2.5 billion acquisition of Chemtura Corporation;
  • J.P. Morgan in the financing of Deutsche Annington Immobilien SE’s €3.9 billion public takeover bid for all of the outstanding shares in GAGFAH S.A. The financing comprises, among other things, a syndicated bridge facilities agreement to fund the cash consideration of the shares in GAGFAH and to refinance certain existing financial indebtedness of GAGFAH;
  • AGRAVIS Raffeisen AG, an agricultural trading and services company, in the contemplated application for a financial services license to be granted by BaFin and Deutsche Bundesbank; in seeking clearance from BaFin that certain corporate actions do not require a banking or financial services license; in challenging administrative rulings issued by BaFin in relation to hybrid instruments; in its €100 million trade receivables securitisation; in its €100 million Schuldscheinloan; and in its €600 million syndicated working capital facilities agreement;
  • Bank of America and the joint lead arrangers in a US$1.2 billion senior secured cross-border asset-based loan facility for certain subsidiaries of Algeco Scotsman Group (majority-owned by United Kingdom-based private equity firm TDR Capital LLP), a modular construction company;
  • Blackrock in certain bank regulatory matters;
  • HSH Nordbank in certain bank regulatory matters;
  • Bank of America, N.A. and the other lead arrangers of a US$1.5 billion secured term loan credit facility and a US$1 billion asset-based revolving credit facility to Novelis Inc., an aluminum products manufacturer. These transactions were part of an overall refinancing;
  • Credit Suisse, Barclays Capital and RBC Capital Markets in connection with the Rule 144A/Regulation S high-yield offering by KM Germany Holdings GmbH and KM US Holdings II, Inc. (both of which are controlled by entities affiliated with Canada-based private equity firm Onex Corporation) of €325 million of 8.75% senior secured notes due 2020 to finance Onex’s acquisition of KraussMaffei AG, a manufacturer of machinery and systems for the processing of plastics and rubber. Skadden also represented Credit Suisse, Barclays Capital and RBC Capital Markets in connection with a new €75 million senior secured revolving credit facility for KM Germany Holdings GmbH and KM US Holdings II, Inc.;
  • Vue Entertainment Ltd., a portfolio company of Doughty Hanson & Co., in the financing of its public takeover bid for all of the outstanding shares of CinemaxX AG;
  • HellermannTyton Alpha S.a.r.l. (a portfolio company of United Kingdom-based Doughty Hanson & Co), a provider of networking, cable and wire management systems based in Luxembourg, in connection with the refinancing of its existing indebtedness, which included the issuance of €220 million of floating rate senior secured high-yield bonds in conjunction with the establishment of a super senior revolving credit facility of up to €80 million;
  • LM Group Holding A/S (a portfolio company of United Kingdom-based Doughty Hanson & Co), a manufacturer of wind turbine blades based in Denmark, in connection with the refinancing of its existing indebtedness, which included the issuance of €130 million fixed-rate senior secured high-yield bonds in conjunction with the establishment of a super senior revolving credit facility of up to €35 million;
  • Orion Cable GmbH, a cable services provider and a subsidiary of Escaline S.a.r.l., and Tele Columbus GmbH, a subsidiary of Orion Cable, in Escaline’s €1 billion debt financing, including the negotiation of standstill arrangements with senior, second-lien and mezzanine lenders, the initiation of an M&A and equity injection process, and the restructuring of its financial indebtedness by way of an English scheme of arrangement, the first restructuring of this kind completed by a German operating company;
  • Outokumpu Oyj in the acquisition financing (and various refinancings) of its €2.8 billion acquisition of the Inoxum business unit from ThyssenKrupp AG. This transaction was named M&A Deal of the Year for 2012 at the 2013 IFLR European Awards; and
  • Rain CII Carbon LLC, a subsidiary of Rain Commodities Limited, in the acquisition financing of its US$914 million acquisition of RÜTGERS, a manufacturer of specialty chemicals, from funds advised by Triton.
Dr. Kremer is listed as a “leading individual” in banking and finance in Chambers Global, Chambers Europe, JUVE Handbuch Wirtschaftskanzleien and IFLR1000.

Credentials

Education

  • Dr. jur., Heidelberg University, 1997
  • LL.M., Cornell Law School, 1991
  • Heidelberg University, 1989
  • Lausanne University, 1987

Admissions

  • Frankfurt am Main
  • New York

Languages

  • German
  • English

Johannes Kremer