Baker McKenzie with Cheyne Capital on financing for Nokera Green Factory
Baker McKenzie advised Cheyne Capital, a global alternative investment manager, on a secured asset-based financing transaction for Nokera Green Factory. The transaction, Cheyne Capital’s first asset-based financing deal in Germany, supports the ramp-up of Nokera’s serial manufacturing operations in the construction sector.
Nokera is a construction company that industrially manufactures timber building components for serial, sustainable residential construction.
The financing is structured as a loan under German law with characteristics of asset-based lending (ABL) and is secured by a portfolio of industrial manufacturing machinery. LB Oprent acted as operating partner on the transaction, while GLAS served as facility agent and security agent.
The Baker Mckenzie team
Banking & finance parner Matthias Töke (Frankfurt) led the Baker McKenzie team on the matter. The lineup further included partner Markus Wolf (Zurich), associate Saskia Ilzhoefer (Frankfurt), and associate Alisa Tannert (Frankfurt), all from the banking & finance practice, as well as tax specialist Fidan Erbay (Zurich) and counsel Andrea B. Bolliger (Zurich).
