Ashurst advises ELF Capital Group on a flexible financing package for Pacoma Group
09 July 2021
09 July 2021
Ashurst advised ELF Capital Group (ELF Capital) on a EUR 20 million flexible financing package for the management buy-out of the minority shares in Pacoma Group (Pacoma) as well as its future growth. The flexible and, at the same time, long-term financing structure secures full control on the company for the management. Pacoma will continue to expand the business while fully participating in future growth.
ELF Capital Group specialises in flexible financing solutions for medium-sized companies with a focus on Germany, Austria and Switzerland as well as Northwest Europe. ELF Capital offers individually designed financing solutions for established, fast-growing medium-sized companies as well as for companies in special situations. The focus is on capital solutions for companies with solid and profitable business models, leading market positions and good growth prospects.
Pacoma Group is one of the world's leading suppliers of hydraulic cylinders. For more than 50 years, Pacoma has been developing a portfolio of high-quality hydraulic cylinders from German engineering that are used in construction machinery, in the automotive industry, in mechanical engineering as well as in logistics and material handling. Pacoma is headquartered in Eschwege (Germany), has world-class production sites in Germany and China and employs 285 people.
The Ashurst team was led by partner Anne Grewlich and counsel Nikolos Tsagareli (both Frankfurt). They were assisted by transaction lawyers Ena Selimbegovic and Ariana Fazlic (both Munich). Partner Fabien Debroise and senior associate Katia Fettes advised on Luxembourg law, partner Eric Tan and senior associate Sharon Cong advised on Hong Kong law matters and partner Michael Neary and associate Nathan Huynh advised on US / NY law matters (all Global Loans).
A team of Harney Westwood & Riegels LP team with Partner Tanya Cassie-Parker and Associate Odane Lennon acted in relation to advice on the laws of British Virgin Islands.
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.