Ashurst advised NATIONAL-BANK Aktiengesellschaft on the financing of the acquisition of QITS GmbH by Borromin Capital Fund IV.
The parties agreed not to disclose the terms and conditions of the financing.
Ratingen-based QITS has been specialising for two decades in IT services, business process outsourcing, data logistics and business-critical document applications. Borromin Capital, previously Steadfast Capital, was founded in 2001 as an independent private equity advisory business. As a partner for SMEs, Borromin Capital has a successful track record of structuring, financing and assisting company successions in Germany and neighbouring countries and provides equity for spin-offs from larger groups and expansion capital to companies with compelling growth opportunities.
NATIONAL-BANK with headquarters in Essen is one of Germany’s leading regional banks. For the past 10 years, it has also been assisting financial investors, inter alia, in the context of acquisition financings. Ashurst has advised NATIONAL-BANK previously on several transactions.
The Ashurst team was led by partner Dr Matthias Weissinger (Picture) and counsel Sabrina Bremer. They were assisted by transaction lawyer Ariana Fazlic (all Global Loans). Senior associate Christian Sotta provided advice on tax law.
Law Firms: Ashurst;
Clients: National-Bank AG;