Ashurst advised an international bank consortium led by UniCredit Bank AG on granting a €800 million credit facility to Scout24 Group (Scout24), a leading operator of digital marketplaces across Europe including platforms ImmobilienScout24 and AutoScout24.

The new credit facility is inter alia intended to replace the Group's existing bank financing.

The bank consortium comprises ABN AMRO Bank NV, Bayerische Landesbank, BNP Paribas Fortis SA / NV, DZ BANK AG Deutsche Zentrale-Genossenschaftsbank Frankfurt am Main, HSH Nordbank AG, ING Bank, Landesbank Baden-Württemberg, Landesbank Hessen-Thüringen Girozentrale, NORD / LB Luxembourg SA Covered Bondbank, Mizuho Bank Nederland N.V. and UniCredit Bank AG.

The Ashurst team, led by counsel Dr Oliver K. Hahnelt, included partner Anne Grewlich, associate Gabrielle Metherall and transaction lawyer Emilie Veyran-Müller (all finance, Frankfurt).

Ashurst's finance team advises both lenders such as banks and debt funds as well as borrowers within the scope of corporate lendings. In September of this year, a team led by Dr Oliver K. Hahnelt supported DuMont media group in relation to the successful conclusion of a syndicated credit facility in a low three-digit million range intended to finance general corporate and working capital purposes as well as acquisitions.