Allen & Overy has advised Raiffeisen Bank International and a syndicate of lenders on their EUR 100 million financing package for ITIS Holding to support the acquisition of Vitronic Machine Vision. BBH reportedly advised the borrowers.
The transaction remains contingent on regulatory approval. The lending syndicate included Ceskoslovenska Obchodni Banka, KBC Bank, Komercni Banka, and HSBC Continental Europe, Germany. According to Allen & Overy, the financing comprised a term loan, a revolving credit facility, and a guarantee facility, with RBI acting as coordinator and mandated lead arranger.
ITIS Holding is a PPF Group company.
Vitronic Machine Vision is a German provider of machine vision systems for traffic engineering, logistics, automotive, healthcare, and 3D body scanning.
The Allen & Overy team included Bratislava-based Counsel Attila Csongrady and Senior Associate Peter Redo, Prague-based Senior Associate Jana Marsalkova, and further team members in Frankfurt.
