Houlihan Lokey Advises Tengelmann

Houlihan Lokey is pleased to announce that Tengelmann Warenhandelsgesellschaft KG (Tengelmann) has completed the refinancing of its syndicated loan facilities with a consortium of eight banks. The transaction was signed in May and closed on 5 June 2025.

Tengelmann is a large-cap, family-owned investment company with a diversified portfolio that includes major retailers such as OBI and KiK, the real estate firm TREI, and investment entities Tengelmann Ventures, Emil Capital Partners, and Tengelmann Growth Partners.

Founded in 1867, Tengelmann has remained under the ownership and leadership of the same family for nearly 160 years and is currently managed by the fifth generation. As an active entrepreneurial investor, Tengelmann holds stakes in more than 50 companies across Europe and North America. Guided by the values of a long-standing family business, Tengelmann focuses on creating long-term value and sustainability for future generations through strategic, hands-on investment.

In addition to its core holdings, Tengelmann’s venture capital arms—Tengelmann Ventures, Emil Capital Partners, and Tengelmann Growth Partners—enable early-stage investments in innovative and high-growth sectors.

To address upcoming maturities and secure additional liquidity for portfolio development, Tengelmann has refinanced its existing holding debt through new syndicated loan facilities. These facilities offer enhanced operational flexibility and provide the financial resources to support future investments.

Houlihan Lokey acted as Tengelmann’s financial advisor, overseeing all commercial aspects of the refinancing and assisting in structuring the syndicated facilities.

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