Berlin—Global law firm Dentons has advised hubergroup’s promissory note creditors on the full repayment of the company’s promissory notes. In a structured bidding process, hubergroup has been sold to an international consortium of investors, consisting of Mavco Investments, a company of selected members of the Murugappa family, and a fund of the Avenue Capital Group. The entry of new investors and strategic realignment successfully position the company for the future in a changing market environment.

Based in Germany, hubergroup is one of the world’s leading printing ink specialists and manufacturers of raw materials. The company develops innovative, sustainable products and services through two business units. The Print Solutions division produces printing colors, varnishes and printing aids for packaging, commercial and newspaper printing. The Chemicals division produces specialty chemicals such as resins, laminating adhesives, pigments and additives at its plants in India. The company employs approximately 3,000 people in almost 30 countries and generated sales of €730 million in 2023.

A team from Dentons, led by partner Andreas Ziegenhagen, coordinated the group of Schuldschein creditors and represented them in connection with the successful repayment in full of the Schuldschein loans as part of the M&A process.

Advisors to the note creditors

Dentons (Berlin):

Restructuring: Andreas Ziegenhagen (Partner, Lead, Frankfurt/Berlin), Dr. Jan Seelinger (Partner, Berlin), Adriana Schumann (Counsel, Berlin).

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