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.

Shearman & Sterling advised the European private equity firm Silverfleet Capital on the financing of the acquisition of Pumpenfabrik Wangen (Wangen), a leading manufacturer of progressing cavity and twin-screw pumps.

Wangen is a medium-sized, mechanical engineering company. For over 40 years, Wangen has been manufacturing products for markets such as food & beverage, agriculture, biogas and wastewater treatment. With over 200 employees and an export ratio of 45 percent the company is on a successful growth track.

Wolf Theiss advised BGK (Bank Gospodarstwa Krajowego) on the financing of OT Logistics' expansion in Croatia.

The PLN 125 million (EUR 30 million) BGK loan will be used to finance acquisition of Luka Rijeka d.d., the operator of the port in Croatia. The first tranche of the facility in the amount of PLN 46.6 million will be used to acquire an 11.75% stake of shares in the target company. Financing the foreign expansion of Polish companies is one of the strategic tasks of Bank Gospodarstwa Krajowego.

Ashurst is advising AVEVA Group plc ("AVEVA") on its combination with Schneider Electric SE's ("Schneider Electric") industrial software business ("Schneider Software"), to create a global leader in engineering and industrial software, and return of cash to shareholders.

Clifford Chance has advised an international banking syndicate on the financing of the acquisition of PlusServer GmbH, a provider of managed-hosting and managed-cloud solutions, by BC Partners. The seller of PlusServer GmbH is HOST Europe GmbH. The banking syndicate, consisting of Societe Generale, London Branch, UniCredit Bank AG, London Branch and IKB Deutsche Industriebank AG, acted under a senior facilities agreement as arrangers of the acquisition financing.

Ashurst advised independent asset manager Pemberton Capital Advisors LLP on the financing of the acquisition of Desotec, a leading European mobile filtration technology provider based in Belgium, by EQT VII, a fund which is part of alternative investments firm EQT.

Pemberton provided the financing in the form of a second lien loan. Desotec was sold by private equity firm AAC Capital Partners and other minority owners. The parties have agreed not to disclose the transaction value.

Shearman & Sterling advised funds managed by Equistone Partners Europe on the financing of the acquisition of DefShop, a leading German multichannel retailer for streetwear and hip-hop clothing. The financial terms of the deal are undisclosed and the acquisition remains subject to clearance from anti-trust authorities.

Allen & Overy represented Goldman Sachs Bank USA (GS Bank), as administrative agent, and GS Bank, JPMorgan Chase Bank, KeyBanc Capital Markets Inc. and UBS Securities LLC, as lead arrangers, on the collective $315 million refinancing and dividend recapitalization by Sundial Group LLC, a portfolio company of Bain Capital Private Equity. The new credit facility consists of a $280 million term loan and $35 million revolving credit facility.

Ashurst advised Capvis Equity IV LP, a fund advised by Swiss based private equity firm Capvis Equity Partners AG, on the financing of the acquisition of all shares in Thermamax Group. The sellers are minority shareholder Brockhaus Private Equity, who had acquired a stake in 2015, as well as several existing shareholders. The financing was granted by Commerzbank, UniCredit and SEB.

This is the sixth time in a row within a few months that Ashurst advised Capvis in relation to acquisition financings, most recently on the financing of the acquisition of ProXES Holding GmbH.

Setterwalls has advised Mediaplanet Group in connection with its acquisition of the content marketing provider N365 Group (previously Nyheter365).

The team was led by Mattias Detterfelt and Linn Jonsson primarily assisted by Vala Karimi, Oscar Campos and Fanny Berggren. Carl Lindencrona has assisted Mediaplanet with the financing of the acquisition.