Ashurst advised Capvis Equity IV LP, a fund advised by Swiss based private equity firm Capvis Equity Partners AG (together Capvis), on the financing of the acquisition of the ProXES Holding GmbH.

Capvis purchases the shares of the previous majority shareholders, Deutsche Beteiligungs AG (DBAG) and DBAG Fund V, together with two co-investors.

The parties have agreed not to disclose the financial details of the transaction.

The Ashurst team was led by partner Dr Bernd Egbers, assisted by counsel Christiane Bestgen and senior associate Isabell Pöller (all banking, Munich).

This is the fifth time in recent months that Ashurst advised Capvis or one of its portfolio companies, most recently on the refinancing of medical systems manufacturer Ondal and the financing of the acquisition of a majority interest in Felss Group, a global technology leader in cold forming of hollow parts.

Ashurst Germany has one of the largest banking and finance teams in the market with over 20 lawyers, paralegals and transaction managers across Frankfurt and Munich, including four partners. The team advises banks, alternative lenders and private equity companies and corporates on domestic and cross-border acquisition, real estate, asset and infrastructure/ project financings as well as on financial restructurings and corporate loans. Ashurst is market-leading in relation to mid-cap LBOs.