Ashurst advised a banking consortium led by IKB Deutsche Industriebank AG and Commerzbank Aktiengesellschaft on the granting of two new credit lines to German supplier of affordable jewellery, Amor. The lines are planned to be used for, inter alia, the repayment of other liabilities of the group.

The lender consortium also comprised Norddeutsche Landesbank Luxembourg S.A., BHF-BANK Aktiengesellschaft, WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank, KBC Bank Deutschland AG and Raiffeisen Bank International AG.

Ashurst advised led by Frankfurt-based finance partner Anne Grewlich. She was supported by partner Dr Tom Beckerhoff, associate Michael Schuhmacher and transaction manager Dominique Blaurock (all finance, Frankfurt).

Ashurst is a long-standing adviser to IKB. In December 2010, the firm advised the bank on the financing of the acquisition of Amor Group by finance investor 3i with a team led by Anne Grewlich.