Advising DEUTZ AG on the financing for the acquisition of the sales and service business of selected off-highway engines from Rolls Royce Power Systems AG

DEUTZ will acquire the Rolls-Royce Power Systems AG's sales and service business for selected industrial engines. These industrial engines are used in various off-highway applications, particularly in the agricultural, industrial and construction machinery sectors.

With the agreed takeover of the sales and service business of Rolls-Royce Power Systems, DEUTZ will take over the marketing of the off-highway versions of these engines as early as 2024, as well as the distribution of the older mtu Classic series (Daimler Truck engine series OM900 & OM460). DEUTZ expects the takeover to generate additional annual revenue of around €300 million.

DEUTZ Aktiengesellschaft has entered into a loan agreement for the provision of a term loan to finance the acquisition of this division.

DEUTZ has relied on the advice of Daniel Ehret in financing matters for many years and followed him to Eversheds Sutherland after his switch from King & Wood Mallesons. In addition to lawyers from Germany, Eversheds Sutherland also had teams in Madrid and Atlanta advising DEUTZ on the conclusion of the financing agreement.

The Eversheds Sutherland team was led by Daniel Ehret (Partner, Banking / Finance, Frankfurt), Dr. Stephan Klein (Senior Associate, Banking & Finance, Frankfurt), Jens Binding (Partner, Tax, Düsseldorf), Teresa Villarroya (Partner, Finance, Madrid), Marta Becker Robles (Senior Associate, Finance, Madrid), Clara Hurtado Muñoz (Senior Associate, Finance, Madrid), Eugenia García-Calzada (Associate, Finance, Madrid), Steve Park (Partner, Finance, USA), Rebecca Gelfand (Counsel, Finance, USA), Judy Watkins (Counsel, Finance, USA).