Global law firm White & Case LLP has advised a consortium of lenders consisting of Česká spořitelna, a.s., Komerční banka, a.s., Citibank Europe plc, organizační složka, Československá obchodní banka, a.s. and UniCredit Bank Czech Republic and Slovakia, a.s. on the up to €367.5 million group working capital and capital expenditures financing to Notino group, a major distributor of perfumes and cosmetics in Europe.
White & Case partner Jan Linda, who led the Firm's deal team, said: "This is the largest financing provided to Notino group since the club financing of its working capital needs commenced in June 2018. It will support Notino's continued growth and the expansion of its market share in Europe."
Notino is a European online retailer specializing in beauty and personal care products. Established in 2004, the company offers a wide range of cosmetics, perfumes, skincare and haircare products from both renowned and niche brands. With a presence in 28 countries, Notino serves approximately 16 million customers.
"This new financing will allow us to further invest in key areas such as expanding our product portfolio, improving logistics and IT, and driving more innovations to enhance the customer experience," said Notino's Chief Financial Officer Jakub Šedý. "The financing demonstrates the trust that our banking partners continue to place in us."
The White & Case team in Prague that advised on the transaction included partner Jan Linda and associate Tadeáš Matys.
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