Baker McKenzie with L’Osteria Group on comprehensive refinancing and acquisition financing

Baker McKenzie has advised the L’Osteria Group on a comprehensive refinancing and acquisition financing. The financing structure comprised a refinancing facility, an acquisition facility, and an additional “incremental” credit line to support the group’s M&A strategy. The financing was arranged and provided by a consortium of six banks.

With the completion of the new financing, L’Osteria secures a solid foundation for future growth. The group is one of Germany’s leading providers in the casual dining segment. Recent developments include the signing of the acquisition of Pizza Pilgrims, a successful British restaurant brand with more than 25 locations in the United Kingdom. Since 2023, L’Osteria has been part of McWin‘s brand portfolio.

Matthias Töke (PICTURED), lead advisor on this transaction, emphasizes the importance of the new financing structure: “Through the restructuring of the debt capital structure, L’Osteria Group can now pursue its strategy under optimal financing conditions. We are pleased to have advised our client on achieving the best possible capital structure – as well as about the excellent collaboration with the teams at McWin and L’Osteria. They approach matters with the same passion, commitment, and entrepreneurial mindset as we do.”

L’Osteria Group was founded in Nuremberg in 1999 and is today an established brand for Italian cuisine. The company operates more than 200 restaurants in ten European countries – consisting of company-owned operations, joint ventures, and franchise locations. The concept centers on fresh Italian specialties, generous portions at fair prices, and an inviting atmosphere.

Jürgen Wallmann, CFO of L’Osteria Group, emphasizes the significance of the financing for the strategic direction: “This expanded financing is another milestone on our path to becoming the ‘European Champion in Casual Dining’. We were able to secure attractive terms, expand our financial flexibility, and optimize our contractual conditions. The funds will be used primarily for further expansion of our brand portfolio and the organic growth of L’Osteria and Pizza Pilgrims. My special thanks go to our banks for their trust and to our advisors for their dedicated support. Baker McKenzie, with their legal expertise and entrepreneurial understanding, contributed significantly to the success of this financing.”