Ashurst advises VIVONIO on refinancing

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    Ashurst advised VIVONIO Furniture Group (VIVONIO), a portfolio company of Equistone Partners Europe (Equistone), on the comprehensive refinancing of the group. The parties have agreed not to disclose the terms and conditions of the refinancing.

    Founded in 2012, Munich-based VIVONIO together with its six subsidiaries MAJA, Staud, Leuwico, Noteborn, fm Büromöbel and KA Interiør is a major player in the European furniture market, generating an annual turnover of €400m and employing 1,800 members of staff.

    Equistone is one of Europe's leading equity investors and operates across Germany, Switzerland, the Netherlands, the UK and France. With over 170 investments throughout Europe and a current portfolio of around 50 companies, Equistone focuses on buy-outs of middle market companies with enterprise values between €50m and €500m.

    The Ashurst team was led by partner Dr Matthias Weissinger. He was assisted by counsel Sabrina Bremer, senior associate Emilie Veyran-Müller and transaction lawyer Ariana Fazlic (all Global Loans). Advice on tax law aspects was provided by senior associate Dr Susanne Knoch.

    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.