Houlihan Lokey Advises Officium

Houlihan Lokey is pleased to announce that Officium GmbH (Officium) has successfully raised €83.5 million in syndicated debt financing with a club of three banks. Officium is a leading independent submetering provider, offering long-term rental of submetering equipment and related services for the measurement of heat and water consumption within multi-dwelling properties in Germany. The transaction was signed and closed in March 2023.

Officium acts as the management company for a Germany-wide network of regional submetering companies, primarily focusing on Berlin, Brandenburg, Lower Saxony, North Rhine-Westphalia (Düsseldorf and Duisburg), Mecklenburg-Western Pomerania, Saxony-Anhalt (Dessau-Roßlau), Saxony (Dresden and Chemnitz), Thuringia, and Bavaria (Lower and Upper Franconia).

With a focus on small and medium-sized property management companies and private landlords, Officium manages more than one million measuring devices.

Officium was acquired by infrastructure investor Arcus in January 2023. Houlihan Lokey acted as financing advisor on all commercial aspects and supported Officium and the sponsor on the structuring of tailor-made financing to refinance existing debt as well as to provide new growth/acquisition debt. The final banking consortium consists of three infrastructure-experienced banks.