Ashurst advised ODDO BHF Private Debt as mandated lead arranger and lender on the provision of a flexible unitranche financing for the add-on acquisition of Gebäudereinigung Daniel Baumann (GDB) to the portfolio platform Dr. Hoffmann Gebäudedienste (Dr. Hoffmann). Dr. Hoffman is part of the portfolio of Beyond Capital Partners. The parties have agreed not to disclose the terms and conditions of the financing.
GDB is the leading specialist for professional facility and special cleaning services in Hesse, Germany. The company's broad range of services includes advising commercial customers in all areas of building cleaning and identifying tailor-made solutions for different requirements.
Dr. Hoffmann is a Bavaria-based company that has been in business for more than 30 years and is one of the largest and most well-established facility service providers in Bavaria, Germany. The service company is active in the areas of maintenance cleaning, facility services, provision of service personnel, events and catering, as well as janitorial services.
The Ashurst team was led by partner Dr Matthias Weissinger and counsel Dr Philipp Vorbeck. They were assisted by senior associate Franziska Sauer, senior transaction lawyer Petra Schott and transaction lawyer Jeanine Boch-Kraul (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.
