Ashurst advises Permira Credit on financing FSN Capital VIs investment in MEGABAD

Ashurst advised funds advised by Permira Credit as senior lenders on the financing of FSN Capital VI’s  investment in MEGABAD. The founding family Stiller and existing investor VR Equitypartner will retain a significant ownership in the company. The parties have agreed not to disclose the purchase price.

Originally founded as Gottfried Stiller GmbH by the Stiller family in 1973, MEGABAD is a leading specialist e-commerce retail shop for sanitary products. With its wide product assortment, MEGABAD serves both B2C and B2B customers primarily in the DACH region. The investment in MEGABAD is aligned with FSN Capital's strategic focus to partner with founders and invest in companies with strong industry tailwinds. FSN Capital will support key growth initiatives led by the management and continue the founder transition.

Permira Credit is one of Europe’s leading specialist credit investors, advising investment funds and products which have provided more than €13bn of debt capital to over 300 European businesses. 

The Ashurst team was led by partner Dr Matthias Weissinger and counsel Nikolos Tsagareli. They were assisted by senior associate Franziska Sauer and transaction lawyer Ouafaa Elouariachi (all Global Loans). Advice on tax law was provided by partner Dr Anders Kraft.

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.