Ashurst has advised Ares Management LLC on a Unitranche-financing
on the acquisition of the German Fachpflege Holding.
Ares Management LLC, a leading global diversified private equity
firm, has provided a Unitranche facility for the acquisition of the
German Professional Care Holding by a subsidiary of Chequers
Capital. The amount of the debt was not disclosed. Ares Management
LLC acted as an arranger, information and calculation agent as well
as a security agent on the transaction.
Ares Management LLC is a longstanding client of Ashurst. With an
investment volume of more than 59 billion U.S. dollars as at 31
December 2012, Ares Management LLC is a world leader in the field
of Unitranche financing.
Ashurst Germany advised Ares Management LLC for the first time in
relation to Unitranche-financing advice. The transaction is one of
the first Unitranche financings in Germany and confirms the leading
position of Ashurst as a consultant for this specialized method of
financing. By bringing the entire pre and subordinated financing
together in a single tranche, companies have better access to
resources the financing of their investment projects and a viable
alternative to traditional bank financing.
The Ashurst team was led by banking partner Anne Grewlich. She was supported by senior associate Derk Opitz and associate Annabelle Sachs (both banking) and senior associate Sören Kampmann (corporate). Partner Dr. Tobias Krug and senior associate Tanja Richter advised on the capital markets aspects. Tax partner Heiko Penndorf and associate Felix Krueger provided tax advice. In addition, the German team was supported by London-based partner Isabelle Lentz and senior associate Francoise Haralamb who advised on aspects of Luxembourg law.
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