ExNex sells industrial yarns businessHomburger continues to advise certain secured lenders with Deutsche Bank acting as agent in connection with a facility granted to Nexis Fibers AG, recently renamed ExNex AG, in its composition proceeding under Swiss bankruptcy law. Homburger continues to advise certain secured lenders with Deutsche Bank acting as agent in connection with a facility granted to Nexis Fibers AG, recently renamed ExNex AG, in its composition proceeding under Swiss bankruptcy law. As part of these proceedings, on September 4, 2009, a newly formed company Nexis Fibers AG acquired the industrial yarns business (excluding the German Nexis entities) from ExNex AG in a combined asset and share deal. In this deal, the Homburger team, protecting the interests of the secured lenders, comprised of partner Ueli Huber (Corporate | Restructuring) and associates Anne Sabine Zoller (Corporate | Restructuring) and Markus Kaiser (IP | IT).  |
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