Taylor Wessing advises NRW.BANK on investment in interior design chain Butlers

NRW.BANK.Spezialfonds GmbH & Co. KG, together with a private investor, has invested approximately ten million Euros in Butlers, an interior design chain. Taylor Wessing advised the NRW.BANK subsidiary on this financing transaction under the lead management of Dr. Ernst-Albrecht von Beauvais.

The Cologne-based trading company Butlers has filed for insolvency at the beginning of the year, but had successfully completed the insolvency in September. This enabled the company to restructure quickly. The vast majority of jobs have been preserved. Due to the investment of NRW.BANK.Spezialfonds GmbH & Co. KG and the private investor, a long-term restructuring is now financially possible. Butlers’ strongest shareholder remains founder and managing director Wilhelm Josten.

Legal advisors NRW.BANK.Spezialfonds GmbH & Co. KG

Taylor Wessing: Lead Partner: Dr. Ernst-Albrecht von Beauvais (Partner), Patrique Willems (Senior Associate), Daniel Mursa (Associate), (all M&A Düsseldorf), Dr. Simon Weppner (Partner, Tax Düsseldorf)

RSM GmbH Wirtschaftsprüfungsgesellschaft: Guntram Teichgräber (Partner, Krefeld)

Legal advisors Butlers

Loschelder Rechtsanwälte Partnerschaftsgesellschaft mbB: Dr. Frank Heerstraßen (Partner), Dr. Sebastian Kalb (Partner) (all M&A or corporate law)