Ashurst advised a banking syndicate comprising SEB AG, UniCredit Bank AG and Bremer Kreditbank AG on financing the acquisition of svt Group, a leading provider of solutions for preventative or passive fire protection and damage management in Germany, by Ergon Capital Partners.
Svt was sold by Pan-European private equity firm IK Investment Partners (IK).
Financial terms of the transaction are not disclosed. In the summer of 2015, IK acquired the system provider for fire protection, headquartered in Seevetal near Hamburg, from private equity firm Capiton and investment company SüdBG.
The Ashurst team was led by finance partner Dr Bernd Egbers (picture). Corporate partner Reinhard Eyring and tax partner Dr Martin Bünning also advised. Counsel Carsten Endres, senior associate Isabell Pöller and paralegal Ena Selimbegovic (all finance) as well as counsel Martina Rothe (corporate) assisted.
Alantra acted as debt advisor for Ergon with managing partner Robert von Finckenstein and director Maximilian Rohardt.
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