Ashurst advised DZ Bank AG, Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main as lender, agent and security agent as well as Volksbank eG – Die Gestalterbank as lender on the financing of the acquisition of Hartl Group by Afinum. The parties have agreed not to disclose the terms and conditions of the financing.
Afinum takes a majority stake in Hartl EDV GmbH & Co. KG with its subsidiaries Adcom Computertechnik GmbH, CPL 24 GmbH and CPL 24 Asset & License Services LLC (Hartl Group). Out of its own data centre in Hofkirchen (Bavaria, Germany) and further locations in Munich, Nuremberg and Vienna, Hartl Group offers comprehensive and customised "managed cloud services" focussing on German SMEs. Afinum is going to support the company's next growth phase. Besides further organic growth, acquisitions to expand the service portfolio are planned.
Afinum is an independent private equity firm with offices in Munich, Zurich and Hong Kong. It specialises in taking stakes in successful mid-market companies in the German-speaking countries.
The Ashurst team was led by partner Dr Matthias Weissinger. He was assisted by senior associate Franziska Sauer, associate Lorenz Schwojer as well as transaction lawyers Ena Selimbegovic and Michael Röhm (all Global Loans).
Ashurst's German banking and finance practice advises both banks and alternative lenders, private equity investors and companies on domestic and cross-border acquisition, real estate, asset and infrastructure / project finance as well as on financial restructuring and corporate lending.
