Ashurst is advising Pemberton Capital Advisors LLP (Pemberton) on the financing of the acquisition of a majority stake in Dunlop Protective Footwear (DPF), the leading global manufacturer of protective wellington boots, by investment firm EQT. Pemberton will support the transaction with a second lien loan. ABN Amro, Bank of Ireland, Idinvest, ING, NIBC, SEB and SMBC will provide senior financing. The vendor Gilde Equity Management will reinvest significantly as part of the transaction, retaining a minority stake in Netherlands-headquartered DPF.

The transaction is expected to close in Q2 2018 and is subject to customary conditions and regulatory approvals. Financial terms of the transaction have not been disclosed.

The Ashurst team is led by finance partner Anne Grewlich, assisted by senior associate Gabrielle Metherall and associate Emilie Veyran-Müller (all finance, Frankfurt).

Ashurst regularly advises Pemberton on acquisition financings, lately in relation to the financing of the acquisition of Desotec, a leading European mobile filtration technology provider, by EQT. Pemberton focuses on private debt and direct lending to European mid-market companies.

Ashurst's German banking and finance practice advises both banks and alternative lenders, private equity firms and companies on domestic and cross-border acquisition, real estate, asset and infrastructure / project finance as well as on financial restructuring and corporate lendings.