Ashurst acted for investment firm Ares Management on the unitranche financing of the acquisition of Polo Motorrad und Sportswear GmbH by financial investor Equistone. The German retailer of motorcycle clothing and accessories was sold by German financial investors Paragon Partners and Tempus Capital. The parties have agreed not to disclose the purchase price and financing volume. Paragon and Tempus acquired the company in 2012 out of insolvency.

The financing of the acquisition was provided by Ares Capital as a so-called unitranche financing. The unitranche was structured as bond.

The Ashurst team was led by Munich finance partner Dr Bernd Egbers. Frankfurt partner Heiko Penndorf advised on tax law aspects. Senior associate Carsten Endres, associate Dr Thomas Freund and paralegal Anna Zoth (all Finance, Munich) as well as senior associate Dr Philip Cavaillès (Corporate, Frankfurt) supported.

Ashurst is a leading adviser on the continuously growing number of unitranche financings in Germany.