Niederer Kraft Frey advised Diebold Self-Service Solutions, a member of the Diebold Nixdorf group, as Swiss counsel on the refinancing of certain debt and on the provision of USD 400 million in new capital for the company. The capital will help to normalize operations, meet supplier commitments, execute their operating model and make strategic investments in the business to further strengthen company’s global market position.
Diebold Nixdorf automates, digitises and transforms the way people bank and shop. As a partner to the majority of the world’s top 100 financial institutions and top 25 global retailers, its integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of consumers each day. The company has a presence in more than 100 countries with approximately 22,000 employees worldwide.
The NKF team was led by partner Nicolas Kuonen (pictured), working with partner Andrea Wuerzner, associate Aurélien Charmillot and junior associate Nancy Nghemkap (all corporate/m&a).
Evercore Group is serving as financial advisor to Diebold Nixdorf on the debt refinancing, and Sullivan & Cromwell is serving as legal counsel to Diebold Nixdorf.