Ashurst advises lenders on financing the acquisition

Ashurst advised the lenders on the financing of the acquisition of the majority stake in KUTTERER MAUER AG (Kutterer Mauer) by capiton. Co-founder Klaus Mauer as well as other management members invest alongside capiton. The parties have agreed not to disclose the purchase price.

Kutterer Mauer was formed in 2008 through the merger of the family-owned companies Kutterer Kunststofftechnik GmbH and Mauer AG. The focus of the Karlsruhe-based company lies on the development and production of high-quality and innovative cap solutions for tubes, bottles, crucibles and other packaging materials. With more than 450 employees, Kutterer Mauer has a worldwide network of partners, branches and production plants and operates today six manufacturing plants in Germany, Austria, Poland and the US.

Berlin-based capiton is an independent, owner-managed private equity firm that manages a total fund volume of €1.3bn. With Kutterer Mauer, the investment portfolio of capiton now comprises 16 medium-sized companies.

The Ashurst team was led by partner Anne Grewlich and counsel Dr Philipp Vorbeck. They were assisted by senior associate Emilie Veyran-Müller and transaction lawyer Ouafaa Elouariachi (all Global Loans). Partner Dr Anders Kraft and Senior Associate Dr Susanne Knoch advised on tax law, counsel Martina Rothe provided advice on corporate law (all 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.