Ashurst advised Aqua Group, a portfolio company of Rantum Capital, as borrower on the financing of the acquisition of Scherer Südbaden GmbH (Scherer). The parties have agreed not to disclose the terms and conditions of the financing.
Aqua Group, headquartered in Langgöns/Hesse, is a cross-regional group of companies active in the fields of leak detection, drying and fire and water damage restoration. The company employs over 70 professionals at eight locations. As a buy & build platform for the development of Aqua Group serves A.B.T. Anlagen- und Bautrocknungs GmbH, a leading water and fire damage restoration company in the Rhine-Main region, in which Rantum Private Equity Fund II acquired a majority stake in 2021.
Scherer, headquartered in Freiburg im Breisgau, is a leading water and fire damage restoration company in the region of South Baden. Founded in 1931, the company has since developed into a full-service provider. In recent years, Scherer has been able to achieve organic growth and strategically diversify its customer portfolio. Through the acquisition of Scherer, Aqua Group expands in South Western Germany with access to neighbouring regions.
The Ashurst team was led by partner Dr Matthias Weissinger. He was assisted by senior transaction lawyer Ariana Fazlic (both Global Loans, Munich). Advice on tax law aspects was provided by partner Dr Anders Kraft (Frankfurt).
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.
