Ashurst advised investor BlackRock and NIBC Bank on financing the acquisition of Pumpenfabrik Wangen GmbH (Wangen Pumpen) by private equity firm Silverfleet Capital. 

The Ashurst team was led by partner Dr Bernd Egbers and senior associate Isabell Pöller. They were assisted by paralegal Franziska Nebollieff (all finance, Munich). Partner Jan Krekeler and associate Anna-Maria Krekeler (both corporate), partner Dr Martin Bünning (tax) and partner Dr Detmar Loff (financial regulation, all Frankfurt) also advised.

Ashurst's German finance team advised the debt fund of its client BlackRock on its first financing in Germany.

Ashurst's German banking & finance practice advises banks, alternative lenders, private equity firms and corporates on domestic and cross-border acquisition, real estate, asset and infrastructure/ project financings as well as on financial restructurings and corporate loans.

Wangen Pumpen manufactures high-quality pumps for industrial applications in a wide range of areas, for example pharmaceutical, food and beverage production. The company employs around 200 people, its headquarters and production facilities are in Wangen, Germany.