Ashurst advises Berenberg on financing of Adcuram acquisition of prefab house manufacturer Bien-Zenker

Ashurst advises Berenberg on the financing of the acquisition and public takeover of Bien-Zenker AG by investment company ADCURAM. ADCURAM takes over the majority of Bien-Zenker by way of acquiring the shares held by ELK Fertighaus Aktiengesellschaft and in addition makes a public takeover offer for the shares in free float.

The Ashurst team was led by banking partner Dr Tom Beckerhoff, assisted by counsel Miriam Petri, associate Axel Walch and transaction manager Dominique Blaurock (all Banking, all Frankfurt).

Bien-Zenker AG with an annual turnover of more than 115 million Euro is one of the largest German prefab house manufacturers.

Ashurst has been a trusted advisor to Berenberg in the context of acquisition financings. Most recently, Ashurst advised Berenberg on the financing of the acquisition of WBack Group by funds managed by Halder Beteiligungsberatung GmbH.