Ashurst advised Patrimonium Middle Market Debt Fund, managed by Patrimonium Asset Management AG (Patrimonium), as lender on the successful refinancing of existing financial liabilities of ABL group. GCA Altium acted as debt advisor. The financial terms of the transaction are undisclosed.
ABL group as special service provider for industrial paint stripping offers a wide range of services from paint stripping management to disposal and recovery of recyclable materials. Since 2011, the group has been part of the portfolio of the investment company Rubicon Partners.
Patrimonium Asset Management AG is a Swiss independent alternative investment management company regulated by the Swiss Financial Markets Authority (FINMA). Patrimonium offers investment opportunities in real estate, private debt, private equity and infrastructure to Swiss qualified and international professional investors. The group is mainly active in Germany, Switzerland and Austria. It employs over 50 professionals with offices in Lausanne, Zurich and Zug. Patrimonium currently manages around CHF 3 bn in assets.
The Ashurst team was led by Dr Tobias Krug, Anne Grewlich and Nikolos Tsagareli (all Frankfurt) and assisted by Mario Lisanti, Gian Luca Coggiola (both Milan), Pierre Roux, Camille Louis-Joseph (both Paris) and Ouafaa Elouariachi (Frankfurt).
Advice on Polish, Hungarian and Czech law was provided by the Wolf Theiss teams Marta Dzieciuch, Stefan Feliniak and Przemek Kozdoj (all Warsaw), Diána Boross-Varga, Melinda Pelikán, András Mozsolits and Zoltán Faludi (all Budapest) as well as Tomáš Šlechta, Robert David and Kristýna Tupá (all Prague). Advice on Dutch law was provided by the NautaDutilh team Nadine Platenburg, Lesley van Cappellen and David Viëtor (all Amsterdam).
