Baker McKenzie with Cheyne Capital on Investment in Limehome Group
Baker McKenzie, with a team led by partner Matthias Töke (Banking & Finance, Frankfurt, PICTURED) has provided legal counsel to alternative investment manager Cheyne Capital on its investment in the Limehome Group. The investment was structured through an innovative hybrid arrangement combining debt and equity elements, provided by funds managed by Cheyne Strategic Value Credit. The transaction aims to provide Limehome with long-term financial flexibility to support the company’s continued growth and expansion.
Baker McKenzie advised Cheyne Strategic Value Credit on the legal structuring, transaction documentation, and negotiations covering all aspects of the hybrid financial instrument and related transaction components.
Limehome is regarded as Europe’s leading technology-enabled provider of functional design accommodations. The company works with property owners and developers in major European cities through a proprietary technology platform and asset-light operating model to deliver a high-quality, seamless guest experience. Since its founding in Munich in 2018, Limehome has expanded its presence to over 360 locations across 156 cities, operating more than 12,500 apartments and hotel rooms in thirteen countries.
The financing solution from Cheyne Strategic Value Credit underscores the continuing importance of private credit in the German market, particularly in implementing innovative capital structures. It also reflects Cheyne’s strong track record. Cheyne Strategic Value Credit develops constructive capital solutions to bridge the existing financing gap in the European mid-market and maintains a robust transaction pipeline generated through an extensive origination network across Europe.
The Baker McKenzie team was composed also of:
Banking & Finance practice: Joachim Ponseck (Partner, Frankfurt), Saskia Ilzhöfer (Associate, Frankfurt), Juan Gelabert (Partner, Madrid), Ali Bouhara (Counsel, Luxembourg), Marina Martinez (Senior Associate, Madrid), Maria Alonso (Associate, Madrid)
Corporate/M&A: Dr. Jan Schubert (Partner, Frankfurt), Dr. Jon Marcus Meese (Partner, Munich), Moritz Jander (Associate, Düsseldorf), Lisa Hollfelder (Associate, Frankfurt), Jens Klapdor (Associate, Munich), Tobias Beck (Associate, Munich), Bao Nguyen (Associate, Frankfurt), Luis Casals (Partner, Madrid), Alba Anegón (Counsel, Madrid), Pedro Calzada (Senior Associate, Madrid), Isabel Rodriguez (Associate, Madrid), Maria Garrido (Associate, Madrid)
Real Estate: Dr. Florian Thamm (Partner, Frankfurt), Jaime Armijo (Associate, Madrid)
Antitrust & Competition: Dr. Anika Schürmann (Partner, Düsseldorf), Jan Kresken (Partner, Düsseldorf), Dr. Florian Kotman (Counsel, Düsseldorf)
Commercial & Trade: Katharina Spenner (Partner, Munich), Clarissa Rach (Associate, Munich)
IP & IT: Patrick H. Wilkening (Partner, Düsseldorf), Dr. Markus Hecht (Counsel, Frankfurt), Yannick Filoda (Associate, Düsseldorf)
Employment: Dr. Felix Diehl (Partner, Frankfurt), Annika Kissener (Associate, Frankfurt), Jan Kammler (Associate, Frankfurt), Hadrien Rifon (Senior Associate, Madrid), Juan de Haro (Associate, Madrid), Natalia Muro (Associate, Madrid)
Public Law: Dr. Andreas Schulz (Counsel, Berlin)
