Ashurst advised US financial investor AP Capital Investments ("APCI") on the acquisition and the financing of a participation in PlanetHome AG ("PlanetHome"). The shares in the Munich-based real estate service provider were sold by HypoVereinsbank (UniCredit Bank AG). The financing was provided by a credit fund. The parties agreed not to disclose the purchase price.

PlanetHome is focused on the brokerage of residential property and mortgage loans in Germany and Austria.

The Ashurst team was led by Frankfurt-based finance partner Anne Grewlich. She was supported by counsel Carsten Endres (Munich), associate Gabrielle Metherall (Frankfurt), transaction managers Susanne Kasnitz and Anna Zoth (both Munich, all finance). Counsel Dr Gerrit Clasen and Jan Krekeler as well as senior associate Dr Ian M. Maywald advised on corporate law. Tax advice was provided by senior associate Felix Krüger.