DEAL ANNOUNCEMENT / PRESS RELEASE
McDermott Will & Schulte advises Obra Capital as an equity sponsor for an insurance financing solution
December 12, 2025
Read time: 3 min
International law firm McDermott Will & Schulte represented Obra Capital (Obra), a specialized alternative asset management firm that provides investment products and solutions across insurance and credit verticals, as the equity sponsor for an innovative insurance solution. The product leverages structured finance and credit derivatives to enable letters of credit as collateral for operating companies’ insurance deductibles.
Driven by companies’ need to post collateral for deductibles under workers’ compensation, auto, and general liability policies, this solution uses a unique financing and hedging structure to deliver a cost-efficient, off-balance-sheet method for funding such collateral.
The McDermott team was led by Jonathan Ching, Andrew Kummer, John Lutz, and Audrey Bischoff with key assistance from Adam deLisle, David Saunders, and Robert Unger.
McDermott advised Obra Capital in the financial backing of Arra Finance to acquire Crescent Auto Finance earlier this year.
Leading organizations turn to global law firm McDermott Will & Schulte for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes. Working across more than 20 offices globally, our 1,750+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on our commitment of Always Better.
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New pay transparency standards from the Federal Labor Court and the EU
ARTICLE
New pay transparency standards from the Federal Labor Court and the EU
December 12, 2025
Read time: 2 min
With a recent shift in case law, Germany’s Federal Labor Court has significantly lowered the threshold for asserting pay discrimination through the newly affirmed “pair comparison” approach. At the same time, the EU Pay Transparency Directive introduces far-reaching obligations that employers must implement by 2026. Together, these developments mark a turning point for compensation structures, compliance strategies, and pay-equity processes across organizations. What does the pair comparison entail, why is the Directive so impactful, and what do these changes mean for employers in practice?
Find out more in the latest HR News blog post by Leonie Herzog.
Visit the blog or register now for regular HR NEWS updates (in German).

Will we see another watershed year for life sciences in 2026?
COVERAGE
Will we see another watershed year for life sciences in 2026?
December 12, 2025
Read time: 2 min
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Priority Technology taps advisers on CEO’s bid
COVERAGE
Priority Technology taps advisers on CEO’s bid
December 11, 2025
Read time: 2 min
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McDermott Advises biogeen on Acquisition of SEFE Mobility
DEAL ANNOUNCEMENT
McDermott Advises biogeen on Acquisition of SEFE Mobility
December 11, 2025
Read time: 3 min
Düsseldorf, 11 December 2025 — McDermott Will & Schulte has advised German biomethane producer biogeen on the acquisition of biofuel filling station operator SEFE Mobility from international energy company SEFE Securing Energy for Europe.
The acquisition of SEFE Mobility will add more than 50 BioCNG and BioLNG filling stations in Germany and the Czech Republic to biogeen’s portfolio. The closing of the transaction is expected to be completed by the end of the year.
SEFE Mobility, based in Berlin, operates more than 50 renewable biofuel filling stations in Germany and the Czech Republic.
Headquartered in Münster, Germany, biogeen is one of Germany’s leading biomethane producers and operates 48 modern biogas plants across Germany to generate climate-friendly, regional and reliable energy. biogeen has been a portfolio company of Partners Group since 2023.
The McDermott team was led by partners Uwe Goetker and Benedikt von Schorlemer and comprised partners Alexa Ningelgen, Christian Marzlin, Carina Kant and Florian Schiefer, counsel Ulrike Witt and Maximilian Meyer as well as associates Jan Ischreyt, Lennart Neumann, Niklas Keller and Thomas Hintzen.
Leading organizations turn to global law firm McDermott Will & Schulte for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes. Working across more than 20 offices globally, our 1,750+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on our commitment of Always Better.
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SEC dismisses SolarWinds lawsuit: What CISOs need to know
COVERAGE
SEC dismisses SolarWinds lawsuit: What CISOs need to know
December 10, 2025
Read time: 2 min
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US Insight: Auto cures, looser documentation become ‘cost of winning deals’ in private credit
COVERAGE
US Insight: Auto cures, looser documentation become ‘cost of winning deals’ in private credit
December 10, 2025
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Mergers & acquisitions: 32 vital issues for M&A sellers
COVERAGE
Mergers & acquisitions: 32 vital issues for M&A sellers
December 9, 2025
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Non-physician practitioners: Florida
COVERAGE
Non-physician practitioners: Florida
December 8, 2025
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Donald Trump drives historic shift of power from investors to boardrooms
COVERAGE
Donald Trump drives historic shift of power from investors to boardrooms
December 7, 2025
Read time: 2 min