Ashurst advised Deutsche Beteiligungs AG (DBAG) comprehensively on the acquisition and financing of a participation in Sjølund A/S (Sjølund), a leading manufacturer of aluminium and steel components.
As part of a management buy-out, DBAG ECF, a fund managed by DBAG, will acquire around 51 percent of the shares in Sjølund from previous sole owner and CEO Søren Ravn Jensen. The remaining 49 percent of the shares will in future be held by Søren Ravn Jensen, who will continue to serve as CEO of the company, and other members of the management. The parties have agreed to not to disclose the purchase price.
DBAG is a listed private equity firm that sets up closed funds focussed on small and medium-sized enterprises. These allow institutional investors to invest in equity or equity-like instruments of unlisted companies. At present, DBAG hand the DBAG funds have more than 20 holdings; the managed and advised volume amounts to around €1.8bn.
Sjølund is one of the largest suppliers in the niche market for complex components made of bent aluminium and steel. The company, headquartered in Sjølund, Denmark, has around 110 employees.
The Ashurst team was led by corporate partner Holger H. Ebersberger (picture), assisted by associate Nicole Kaps and paralegal Franziska Nebolieff. In addition, partner Dr Bernd Egbers, along with counsel Carsten Endres, provided advice on the acquisition financing. Partner Michael Sheng, along with counsel Daniel Öhvall, senior associate Derek Wang, associates Ken Tang, Mirror Zhou, Yuebo Hu and paralegal Judy Zhou (all corporate) also advised.
Accura has advised Deutsche Beteiligungs AG on the deal with a team comprising Arne Riis, Jacob Nygaard, Poul Erik Lytken, John Emil Lyngfeldt Svenson and Jonas Bang.
Involved fees earner: Arne Riis – Accura; Poul Erik Lytken – Accura; Jacob Nygaard – Accura; Jonas Bang – Accura; John Emil Lyngfeldt Svenson – Accura; Holger Ebersberger – Ashurst; Nicole Kaps – Ashurst; Franziska Nebolieff – Ashurst; Michael Sheng – Ashurst; Daniel Öhvall – Ashurst; Derek Wang – Ashurst; Ken Tang – Ashurst; Mirror Zhou – Ashurst; Yuebo Hu – Ashurst; Bernd Egbers – Ashurst; Carsten Endres – Ashurst;
Clients: Deutsche Beteiligungs AG;