Paul Hastings Advised PAUL Tech On €120 Million Financing From MEAG
Paul Hastings Advised PAUL Tech On €120 Million Financing From MEAG
Paul Hastings (Europe) LLP advised PAUL Tech AG, a leading German property technology corporation, on securing long-term financing of €120 million from MEAG, the asset manager of the Munich Re Group.
The financing will support the nationwide rollout and continuous growth of PAUL Net Zero, an integrated platform for the carbon-neutral heat supply of existing buildings. This platform combines AI-controlled energy optimization, heat pump systems, and photovoltaic installations into a holistic heat-as-a-service model aimed at enabling sustainable living.
The credit facility will be disbursed in several tranches, with each tranche carrying a maturity of up to 10 years. Initially, around 2,000 residential units will be outfitted with PAUL Net Zero, with a projected increase to 20,000 units by year-end.
The Paul Hastings team was led by Dr. Christopher Wolff (Partner), Dr. J. Melchior Raiser (Partner), and Dr. Jan Gernoth (Partner), with support from Dr. Johanna Mayer-Ismail (Associate), Dr. Johannes Hilpert (Associate), and Dr. Faraz Maneshkarimy (Associate).
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