Ashurst acts for Permira Debt Managers again on an acquisition financing

Ashurst advised several lenders on the financing of the acquisition of Valantic GmbH by funds advised by Deutsche Private Equity (DPE).  

Valantic is a software and IT consultancy provider based in Munich. It was founded in 2012 under the name DABERO Service Group and was renamed to Valantic in 2017. It employs more than 800 people.

Ashurst advised the lenders with several teams, on the one hand funds advised by Permira Debt Managers Limited as senior secured lender, on the other hand Hamburg Commercial Bank AG as super senior lender. With this project, Ashurst advised Permira Debt Managers for the second time in a very short period.

The Ashurst team acting for Permira Debt Managers was led by partner Dr Bernd Egbers and senior associate Isabell Hitzer. The team comprised associate Franziska Sauer and paralegal Ena Selimbegovic (all Banking & Finance, Munich). Senior associate Dr Ian M. Maywald advised on corporate law aspects, while partner Dr Martin Bünning (both Frankfurt) covered tax law. For Luxembourg law, partner Isabelle Lentz, counsel Paul Witte and associate Ludmilla Bouchez-Lecuy (all Ashurst Luxembourg) were involved. 

The super senior lender Hamburg Commercial Bank AG was advised by counsel Christiane Bestgen (Banking & Finance, Munich).