Hogan Lovells advises Mainova WebHouse GmbH on €475 million financing for data center projects in Frankfurt

Press releases | 14 November 2024

Led by partner Dr Carla Luh, a multidisciplinary team from the global law firm Hogan Lovells has advised Mainova WebHouse GmbH on a complex platform financing arrangement to support the construction of multiple data centers in the region of Frankfurt.

The financing, conducted through Mainova WebHouse GmbH and their subsidiaries, represents a major step in strengthening the digital infrastructure of one of Europe’s most significant economic regions.

The extensive financing process, intensively prepared since late 2023, involved negotiations with a variety of potential lenders. The financing is supported by a banking consortium consisting of ING Bank, Investec Bank Plc, KfW, KfW IPEX-Bank GmbH, Kommunalkredit Austria AG, Landesbank Baden-Württemberg, Norddeutsche Landesbank – Girozentrale, and Skandinaviska Enskilda Banken AB (publ) Frankfurt Branch. KfW IPEX-Bank GmbH serves as both agent and security agent, with Rothschild & Co acting as financial advisor and Ashurst LLP acting as lenders’ legal advisers.

The Hogan Lovells team provided comprehensive legal support to Mainova WebHouse GmbH and its shareholders throughout the transaction. This included preparing, negotiating and coordinating the finance documentation, supporting corporate approvals, and ensuring compliance with all conditions for financial close. The team also coordinated the financing alongside investor discussions and advised on the hedging.

Hogan Lovells team for Mainova Webhouse GmbH

Dr. Carla Luh, Andrew Gallagher (both Partners), Dr. Alexander Wandt, Stipe Bojanic, Lennart Lautenschlager (all Counsel), Oliver Hamilton, Erika Hubert (both Senior Associate), Dr. Georg Joecker, Julian Schulz, Julian Schmidt (all Associate), Valentine Stein-Lüttges (Projects Associate), Oliwia Puto (Trainee Solicitor).