Ashurst advises lenders

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    Ashurst advised a consortium of banks comprising Commerzbank Aktiengesellschaft and Unicredit Bank AG as lenders on the financing of the acquisition of the business division VINCORION from German listed company Jenoptik AG by STAR Capital Partnership LLP (STAR Capital). The transaction completed on 30 June 2022.

    Wedel-based VINCORION develops, produces, and sells mechatronic products with applications in a wide array of end markets. These include the security and defence sector, aviation as well as the rail and transportation industries.

    STAR Capital with headquarters in London was established in 1999 and is a private equity firm focused on building and developing businesses around strategic assets in Western Europe.

    The Ashurst team was led by partner Anne Grewlich and counsel Dr Philipp Vorbeck. They were assisted by associate Yasaman Zargar and transaction lawyer Mohana Knipp (all Global Loans, Frankfurt). Senior associate Dr Susanne Knoch (Tax, Frankfurt) advised on tax law. US law advice was provided by partner Michael Neary and senior associate Misha Daha (both Global Loans, New York). 

    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.