Ashurst advises Patrimonium

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    Ashurst advised Patrimonium Middle Market Debt Fund (Patrimonium) on the refinancing of Willy Bogner GmbH (BOGNER). Patrimonium has committed as a strategic financing partner to BOGNER and provides debt financing to refinance existing bank debt.

    Patrimonium Middle Market Debt Fund is a private debt fund of Patrimonium Asset Management AG focused on mid-market companies.

    BOGNER, based in Munich, is an international lifestyle company and leading supplier of exclusive sports fashion, luxury sportswear and designer fashion. The company operates under the BOGNER (Woman, Man, Sport, Kids) and FIRE+ICE brands and licenses in over 50 countries. The company has been family-owned since its founding in 1932 and celebrates its 90th anniversary this year.

    The Ashurst team was led by partner Dr Tobias Krug and senior associate Julia Friedle. They were assisted by senior associate Alexandra Heitmann and transaction lawyer Rina Axhimusa (all Global Markets, Frankfurt). 

    In-house, CEO Gerrit Schneider and Director Group Finance Frank Wiesner led the negotiations. General Counsel Juliane Drerup-Hero also was part of the negotiating team.

    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.

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