Homburger acted as counsel to Deutsche Bank AG, London Branch, in respect of a syndicated German law bridge financing for VARTA AG, which allows VARTA AG to secure key liquidity to complete its ongoing restructuring measures under the German StaRUG (German Act on the Stabilisation and Restructuring Framework for Companies). The bridge financing is a crucial part of the measures intended to secure VARTA AG's core electronic battery industry, thereby helping to safeguard jobs and value creation in Germany and Switzerland.

VARTA AG produces and markets a diverse range of batteries including micro batteries, household batteries, energy storage systems and customer-specific battery solutions. As technology leader, VARTA AG sets industry standards in important areas of the battery technology field.

Homburger advised Deutsche Bank AG, London Branch, and the other syndicate banks with regard to all Swiss legal aspects of the financing transaction.

The Homburger team was led by Jürg Frick (Financing and Investment Products) and included Sarah Fasel and Nathalie Scherrer (both Financing and Investment Products) as well as Stefan Oesterhelt (Tax).