Linklaters advises AUTO1 Group on the successful first securitisation of German Autohero instalment purchase agreements on the capital market
Linklaters has advised AUTO1 Group SE, Europe's leading digital platform for buying and selling used cars, on its successful first public market securitisation with a volume of EUR 223 million. The transaction securitises for the first time receivables arising from instalment purchase agreements in the German public markets. These were originated via Autohero GmbH. The transaction, known as FinanceHero 2024-1, is verified as "Simple, Transparent and Standardised" (STS) and the Class A Notes are structured to be eligible as collateral for ECB refinancing transactions. These features are a testament to the quality and reliability that investors expect from German auto ABS transactions.
The first public issuance of rated ABS bonds marks an important milestone in the development of AUTO1 Group's it captive financing business and provides access to the deepest and most cost-effective refinancing market.
Linklaters advised with an international team led by Barbara Lauer (Partner) and Jördis Heckt-Harbeck (Counsel, both capital markets, Frankfurt).
Other team members are Nicki Kayser (Partner, Capital Markets and Banking, Luxembourg), Danièle Buchler (Partner, Tax, Luxembourg), Mees Roelofs (Partner, Banking, Amsterdam), Hugo van der Molen (Counsel, Amsterdam), Sebastian Dey (Counsel, Frankfurt, both Capital Markets), Dr Ulrich Johann (Counsel, Frankfurt), Anna Christina Görgen (Consultant, Capital Markets and Banking, Luxembourg), Adrien Piron (Managing Associate, Tax, Luxembourg) as well as associates Prerna Sateesh, Ann-Marie Sahm (both Capital Markets, Frankfurt), Adeline Delguste (Associate, Capital Markets and Banking, Luxembourg), Matijs Nijkamp (Associate, Banking, Amsterdam), Arthur Weiler (Associate, Tax, Frankfurt), Sarah Blandin (Associate, Tax, Luxembourg), Emma Romijn (Associate, Corporate Notary, Amsterdam), and Helena Obenheimer (Transaction Lawyer, Capital Markets, Frankfurt).
