PwC Legal advises FRIMO Group on refinancing worth 80 million euro

March 12, 2018

Hamburg/Berlin, March 12th 2018

PwC Legal acted as legal counsel to the FRIMO Group in Lotte (Westphalia) on a revolving credit facility with a bank syndicate in the amount of 80 million euro for refinancing purposes. The bank syndicate was arranged by Commerzbank, which together with DZ Bank, HSBC and LBBW acted as lender.

The FRIMO Group, with locations in Europe, America and Asia, is an international manufacturer of tools and systems solutions which are, inter alia, used in the production of high-quality plastic components. In 2017, the corporate group earned a turnover of approximately 240 million euro. Their customers include renowned car manufacturers and their suppliers, especially from the premium segment. FRIMO created 350 new positions from late 2014 to late 2017 and currently has more than 1,500 employees.

Advisors to the FRIMO Group

PwC Legal

Moritz Gröning, Dr Oliver Kunert (both team lead); Joy Otto Neugebauer (all Banking/Finance)

About PwC Legal:

PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (law firm PwC Legal) is represented with more than 230 lawyers at 17 locations in Germany. It provides integrated legal advice in cooperation with the business lines audit and assurance services (Assurance), tax consulting services (Tax) as well as deals and consulting (Advisory) of PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft. Sound technical know-how and practice-oriented economic understanding characterize the way we work. PwC Legal is a member of the worldwide PwC Legal network, with more than 3,200 lawyers offering their services in 90 countries worldwide.

About PwC:

The common purpose of PwC is to build trust in society and solve important problems. With a network of firms in 158 countries, more than 236,000 people are committed to providing high-value sector-specific services in the fields of Auditing, Tax- and Business Consulting.

The brand name, PwC, refers to the PwC network and/ or to one or several of its member firms, each of which is a separate legal entity. Further details under

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Moritz Gröning


Tel: +49 30 2636-3410

Dr. Oliver Kunert

IP, IT, Commercial

Tel: +49 40 6378-1294

Joy Otto Neugebauer


Tel: +49 69 95853653