Ashurst and Bratschi have 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.
Bratschi assisted Paragon Partners with the acquisition of the WEKA group with respect to its Swiss subsidiaries WEKA Business Media AG und der ZfU – Zentrum für Unternehmungsführung AG.
The Bratschi team was led by partners Florian S. Jörg, Thomas Peter (both Corporate) and Adrian Bieri (IP/Data Protection) as well as associates Claudio Bazzi, Marius Reinhardt and Corina Fuhrer (all Corporate).
Involved fees earner: Thomas Ehrecke – Ashurst; Pierre Roux – Ashurst; Ralf Stenger – Ashurst; Philipp Vorbeck – Ashurst; Matthias Weissinger – Ashurst; Claudio Bazzi – Bratschi Ltd.; Adrian Bieri – Bratschi Ltd.; Corina Fuhrer – Bratschi Ltd.; Florian Jörg – Bratschi Ltd.; Thomas Peter – Bratschi Ltd.; Marius Reinhardt – Bratschi Ltd.;
Clients: Paragon Partners;