Ashurst advised DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main (DZ BANK) and Commerzbank Aktiengesellschaft on the refinancing of the acquisition of cosmetics provider Geka by British finance investor 3i. The parties have agreed not to disclose the financing volume.

Ashurst also advised the two banks on the granting of the initial revolving credit facility. 3i acquired the leading manufacturer of innovative brushes, applicators and comprehensive packaging systems for the cosmetics industry in 2012 from Halder, an investor focused on medium-sized businesses.

The Ashurst team was led by Munich-based partner Sebastian Schoon. He was supported by counsel Christiane Kneip, associate Dr Thomas Freund and transaction manager Anna Zoth (all banking, Munich). Partner Dr Klaus Herkenroth and senior associate Dr Susanne Knoch (both Frankfurt) advised on tax aspects.