Hogan Lovells advises Citigroup on inaugural consumer loan asset backed securitization of AUTO1 Group

The securitization refinances existing sales financing as well as future consumer financing in Germany and Austria and can be expanded to other markets in the future.

AUTO1 Group is Europe's leading digital automotive platform for online buying and selling of used cars.

Hogan Lovells regularly advises on asset-backed securities financings of the online used car retailer and also provided legal advice to Citigroup on all issues during the transaction and its documentation in the current securitization.

Hogan Lovells team for Citigroup

Dr. Dietmar Helms (Partner), Johannes Rothmund (Counsel), Anna Rogge (Counsel) (all Finance, Frankfurt);

Dr. Heiko Gemmel (Partner), Niko Neukam (Counsel) (both Tax, Düsseldorf);

Robert Masman (Partner), Alexandro Flemming (Associate) (both Banking & Finance, Amsterdam);

Alexander Fortuin (Counsel, Tax, Amsterdam);

Peter Stokking (Counsel, Mergers & Acquisitions, Amsterdam);

Sharon Lewis (Partner), Joanna Veitch (Associate) (both Finance, Paris).