Ashurst advised Paragon Partners GmbH (Paragon) on the financing for the acquisition of WEKA Group.
The financing is provided by HayFin. It was agreed not to disclose the purchase price.
Paragon Partners is a leading private equity company in the German speaking region and manages over 1.2 billion euros in equity. Paragon acquires the shares in WEKA Group through its The Paragon Fund III.
WEKA Group, founded in 1973, is a leading provider of specialist information, software, advanced educational training & services for the DACH region and France. The family-led group is headquartered in Kissing/Bavaria and has over 1,500 employees. The group generates annual sales of around 250 million euros.
The Ashurst team was led by partner Dr Matthias Weissinger (Picture – Global Loans, Munich). He was supported by counsel Dr Philipp Vorbeck (Global Loans, Frankfurt), associate Dr Ralf Stenger and transaction lawyer Ena Selimbegovic (both Global Loans, Munich). In the Paris office partner Pierre Roux and counsel Thomas Ehrecke (both Global Loans, Paris) were involved.
Law Firms: Ashurst;
Clients: Paragon Partners;