Ashurst advised a banking consortium led by UniCredit Bank AG and the Bank of Ireland on the financing of the takeover of Hofmann Menü-Manufaktur by Partners Group. The seller is Gilde Buy Out Partners. Partners Group acquired the German provider of customised cook and freeze products to small business canteens and social organisations on behalf of its clients, together with the management of Hofmann Menü.

The transaction is subject to approval by the respective antitrust authorities.

The Ashurst team was led by Munich-based banking partner Dr Bernd Egbers, assisted by counsel Christiane Kneip and associate Thomas Freund. Corporate partner Lars Jessen (all Munich) as well as tax partner Heiko Penndorf, supported by associate Felix Krüger (both Frankfurt), also advised.