alt

Deals

Astera Legal specialises in German mid-cap transactions. Please find a summary of our partners' current deals and mandates on this page.

2024

    Astera Legal advises Paragon Partners on the refinancing of Primed Group

    4.12.2024Astera Legal advised Paragon Partners on the refinancing of Primed Group, a leading medical device manufacturer and supplier of sterile surgical equipment in Germany. The financing will be provided by CAPZA (advised by Goodwin Procter) and Oldenburgische Landesbank (advised by Gütt Olk Feldhaus). In November 2023, Paragon Partners has partnered with Primed Group to support its ongoing growth and expansion, reinforcing its leading position in the market. Primed Group, known for its high-quality products and services, serves hospitals and medical institutions in more than 60 countries. With Paragon Partners' financial support, the company aims to accelerate its growth trajectory, invest in its product portfolio, and expand its market presence in both existing and new regions. The partnership with Paragon represents a strategic move for Primed Group to enhance its offerings and build on its strengths as a leader in the medical device sector. The refinancing will enable the company to further optimize its production capabilities and strengthen its infrastructure to meet the growing demand for sterile medical equipment. Background: Paragon Partners is another high-profile client of Astera Legal. Based in Munich, Paragon is one of the leading private equity firms in the German-speaking region, specializing in partnering with upper mid-sized enterprises to accelerate their growth plans and achieve operational excellence. The mandate from Paragon, as well as the firm's numerous successful transactions in the healthcare sector over the last 12 months, underline Astera Legal's strong market position and expertise in advising private equity clients in complex financial arrangements. Advisors Paragon Partners Astera Legal Isabell Hitzer (Partner) Benedikt Ruck (Associate) Daniel Kriesmair (Associate) Claudia Kupka (Transaction Analyst) Additional Advisors Goodwin Procter Winfried Carli (Partner) Andreas Breu (Counsel) Jakob Lutzenberger (Associate) Rina Omura (Transaction Lawyer) Gütt Olk Feldhaus Dr Tillmann Gütt (Partner) Anja Schmidt (Associate) About Astera Legal Astera Legal is a high-end boutique law firm specializing in advising on all types of national and interna-tional complex financing structures. The experienced team is one of the leading units for acquisition financing in Germany with an excellent track record. Clients include private equity firms, debt funds and financial institutions, as well as nationally and internationally operating companies. With its international network, Astera Legal offers a real alternative to major law firms. For more information, please visit www.astera-legal.com. Contact Astera Legal Isabell Hitzer +49 (0) 89 25003 78-0 isabell.hitzer@astera-legal.com

    MORE INFO

    Astera Legal advises Fremman Capital on the acquisition of a majority stake in rehaneo from the European investment company Gimv

    21.11.2024Astera Legal advised Fremman Capital on the financing of the acquisition of a majority stake in rehaneo, a leading provider of outpatient rehabilitation, prevention and occupational health management in Germany. The financing will be provided by Ares who are advised by Latham & Watkins. The pan-European mid-market investment firm Fremman is acquiring the shares from the leading European investment company Gimv. The founders and managing directors Bruno Crone and Christoph Dühr will remain significant shareholders in the company and continue in their existing roles. Since its foundation in 2020, rehaneo GmbH has acquired 13 companies through a targeted buy-and-build strategy and established itself as number 2 in the field of outpatient rehabilitation with over 1,000 employees. Every year, more than 80,000 patients benefit from a wide range of services, from outpatient rehabilitation and aftercare to prevention and therapy. Together with Fremman, the successful growth strategy is to be continued, and the market position further strengthened in order to establish rehaneo as a leading provider in Europe. The transaction is subject to approval by the German Federal Cartel Office and is expected to be completed in Q1 2025. Background: Fremman Capital is a pan-European mid-market firm with offices in London, Luxembourg, Madrid, Munich and Paris. Fremman is a top-class client for Astera Legal. It fits perfectly into Astera Legal's high-caliber existing client portfolio. Recent mandates from other leading private equity clients in the mid cap sector – as well as the overall number of matters already closed in the last 12 months – demonstrate the firm's excellent positioning and special strength in the PE sector. Advisors Fremman Capital Astera Legal Isabell Hitzer (Partner) Dr Bernd Egbers (Partner) Philipp Hogrefe (Senior Associate) Zacharias Woltering-Schlenker (Senior Transaction Analyst) About Astera Legal Astera Legal is a high-end boutique law firm specializing in advising on all types of national and international complex financing structures. The experienced team is one of the leading units for acquisition financing in Germany with an excellent track record. Clients include private equity firms, debt funds and financial institutions, as well as nationally and internationally operating companies. With its international network, Astera Legal offers a real alternative to major law firms. For more information, please visit www.astera-legal.com. Contact Astera Legal Isabell Hitzer +49 (0) 89 25003 78-0 isabell.hitzer@astera-legal.com

    MORE INFO

    Astera Legal advises Quadriga Capital on the financing of salestech group

    11.10.2024Astera Legal advises Quadriga Capital on the financing of salestech group with funds managed and advised by Eurazeo Global Investor SAS. The financing offers the salestech group a flexible framework for future acquisitions, investments and expansion projects, enabling the group to continue driving its growth strategy and strengthening its position in the industry.Frankfurt based salestech group develops and implements technologies to support and automate sales processes. Its range of services includes solutions for data analysis, CRM integration and other tools designed to make sales activities more efficient. For this goal, they act as a platform for future growth and continuously invest in leading technology and consulting companies in the mobility, finance, energy and retail sectors. Quadriga Capital is a leading mid-market private equity fund that invests in established medium sized companies in the healthcare, tech-enabled services and smart industries sectors. With the envisaged acquisitions, Quadriga Capital aims to provide the tech world with a platform for long term, value-creating innovation and sustainable global growth. Background: Quadriga is no stranger to the team of Bernd Egbers and Isabell Hitzer, as they have previously worked together. They were last in contact when the private equity fund acquired a majority stake in the laboratory analyst GBA Group. At that time, however, the team advised the lender Alcentra. The team has now acted for Quadriga for the first time under their new brand. The mandate from another private equity client in the mid cap sector-as well as the overall number of matters already closed in the last 12 months- demonstrates the firm´s excellent positioning and special strength in the PE sector. Advisors Quadriga Capital Astera Legal Dr Bernd Egbers (Partner, Lead) Philipp Hogrefe (Senior Associate) Daniel Kriesmair (Associate) Claudia Kupka (Transaction Analyst) Advisors Eurazeo Global Investors SAS Goodwin Procter LLP Winfried Carli (Partner, Lead) Folko Moroni (Senior Associate) Rebecca Stöcklein (Associate) About Astera Legal Astera Legal is a high-end boutique law firm specializing in advising on all types of national and international complex financing structures. The experienced team is one of the leading units for acquisition financing in Germany with an excellent track record. Clients include private equity firms, debt funds and financial institutions, as well as nationally and internationally operating companies. With its international network, Astera Legal offers a real alternative to major law firms. For more information, please visit www.astera-legal.com. Contact Astera Legal Dr. Bernd Egbers +49 (0) 89 25003 78-0 bernd.egbers@astera-legal.com

    MORE INFO

    Astera Legal advises Raiffeisenlandesbank Oberösterreich Aktiengesellschaft Zweigniederlassung Süddeutschland on the LBO financing of the acquisition of Deutsche Medizinrechenzentrum GmbH

    26.9.2024Astera Legal advises Raiffeisenlandesbank Oberösterreich Aktiengesellschaft Zweigniederlassung Süddeutschland on the financing of the acquisition of Deutsche Medizinrechenzentrum GmbH by VIA equity. Deutsche Medizinrechenzentrum GmbH ('DMRZ') was founded in 2007 and is an innovative pioneer among the established software companies in the healthcare sector. DMRZ's billing software for healthcare providers has been completely redesigned and continuously developed with the aim of making the billing of prescriptions more efficient. VIA equity is a leading Northern European investment company with offices in Copenhagen and Munich. VIA equity invests in companies in the areas of software, IT services and tech-enabled services based in the Nordic countries and the DACH region. Raiffeisenlandesbank Oberösterreich Aktiengesellschaft Zweigniederlassung Süddeutschland ('RLBOÖ'), a major financier of small & mid-cap LBOs in the DACH region, was advised by Astera Legal for the first time. The RLBOÖ team led by Helmuth Schönauer and Michael Sattler structured the LBO financing. The Astera Legal team consisted of partner Isabell Hitzer and associate Benedikt Ruck. Noerr advised the borrower side with a team consisting of Michael Schumacher, Pinar Turkac-Christmann and Dr. Marius Fischer. Astera Legal is a high-end boutique law firm that advises on all types of national and international complex financing structures.

    MORE INFO

    Astera Legal advised ARCHIMED and ZytoMax GmbH on the refinancing and recapitalisation of the ZYTOMICS Group

    10.9.2024Astera Legal advised ARCHIMED SAS and ZytoMax GmbH on the refinancing and recapitalisation of the ZYTOMICS Group by funds managed and advised by Ares Management Limited. Founded in 2021, ZYTOMICS is a combination of European cancer diagnostics companies. All original founders of these companies shared the same vision: enabling clinical pathologists to provide a precise and timely cancer diagnosis. Unified under ZYTOMICS, the vision of the founders is proudly carried on. ZYTOMICS has established a leading presence in major European markets and is consistently growing the business as well as beyond European borders. Operations are located across sites in Northern Germany, Austria, Switzerland, and Southern France. The international distribution network covers more than 90 countries. ARCHIMED is a global investment company focussed on the healthcare sector and currently manages funds in the amount of eight billion euros. They collaborate with scientists, healthcare professionals, entrepreneurs, and investors to positively influence companies within these industries. The focus is on assisting these companies with international expansion, increasing capacity, broadening their product ranges, and facilitating acquisitions. Ares Management is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across credit, real estate, private equity, and infrastructure asset classes. The Astera Legal team led by Partner Dr. Bernd Egbers included Senior Associate Philipp Hogrefe, Associates Benedikt Ruck and Daniel Kriesmair. Latham & Watkins LLP acted as legal advisor to Ares Management led by Alexandra Hagelüken and included Sybille Münch, Anna-Maria Kuckerz and Johanna Wörle. Astera Legal is a high-end boutique law firm advising on all types of national and international complex financing structures.

    MORE INFO

    Astera Legal advised AUCTUS on the financing of the acquisition of T&M Gesellschaft für Telefonmarketing mbH

    13.8.2024Astera Legal has advised AUCTUS on the financing of the acquisition of T&M Gesellschaft für Telefonmarketing mbH. T&M Gesellschaft für Telefonmarketing, based in Augsburg, is active in the field of telephone marketing and the provision of call center services. It has locations in Germany, Bulgaria, Bosnia & Herzegovina and Turkey. The Astera Legal deal team, led by partner Dr. Bernd Egbers, consisted of senior associate Philipp Hogrefe and senior transaction analyst Zacharias Woltering-Schlenker. The lender side was advised by Luther (Christoph Schauenburg, Partner and Jael Marquard, Senior Associate).

    MORE INFO

    Astera Legal advised Norddeutsche Landesbank – Girozentrale – on the refinancing of GIATA-Group

    15.1.2024Astera Legal advised Norddeutsche Landesbank – Girozentrale – (Leveraged Finance Team) on the refinancing of GIATA-Group.

    MORE INFO

    Astera Legal advised Iqony GmbH on general financing matters with regard to the acquisition of the STEAG Group by Asterion

    9.1.2024Astera Legal advised Iqony GmbH on corporate financing matters in connection with the acquisition of the STEAG Group by Asterion Industrial Partners (Asterion). The STEAG Group was sold by Kommunale Beteiligungsgesellschaft mbH & Co. KG (KSBG) to Asterion. The transaction volume for the acquisition amounts to around EUR 2,6 billion.

    MORE INFO

2023

    Astera Legal advised FireDos Holding GmbH on a new financing

    22.12.2023Astera Legal advised FireDos Holding GmbH on a new financing. The financing was provided by Raiffeisenlandesbank Niederösterreich-Wien AG.

    Astera Legal advised TeamVet Beteiligungs GmbH on the financing of the acquisition of Tierklinik Lüsche GmbH

    22.12.2023Tierklinik Lüsche GmbH is one of the most modern and largest equine clinics in Europe with over 80 horse stalls including the intensive care and isolation ward and over 120 employees spread over 2 locations. The clinic covers all important specialties of internal medicine and orthopaedics or sports medicine. In addition, with the X-ray and ultrasound equipment but also, among other things, scintigraphy, MRI, Qualisys and the innovative CT, offer extensive imaging capabilities. In addition to the work in the clinic, the veterinarians care for the German riders of the Olympic team.

    Astera Legal advised Volksbank eG – Die Gestalterbank on the financing of the acquisition of YAVEON Group

    22.11.2023Astera Legal advised Volksbank eG - Die Gestalterbank (Andreas Schmidt and Carsten Ihlenfeld) on the financing of the acquisition of YAVEON Group by Volpi Capital.

    Astera Legal advised Sparkasse Rhein-Nahe and Volksbank eG – Die Gestalterbank on the financing of the acquisition of the Midoco Group

    13.11.2023Astera Legal advised Sparkasse Rhein-Nahe as well as Volksbank eG – Die Gestalterbank, as joint arrangers, on the financing of the acquisition of the Midoco Group by VR Equitypartner GmbH, funds advised by BIP Capital Partners as co-investor and the management.

    Astera Legal advised AUCTUS Capital Partners AG on the financing of the acquisition of asap Logistics-Group

    2.10.2023Astera Legal successfully advised AUCTUS Capital Partners AG on the financing of the acquisition of the asap Logistics Group.

    Astera Legal advised the Senior Lenders (including funds advised by Permira Credit Ltd) on an expansion of the financing structure of the valantic Group

    30.8.2023Astera Legal advised the Senior Lenders (including funds advised by Permira Credit Ltd) on an expansion of the financing structure of the valantic Group.

    Advising the lender on the financing of the acquisition of LivEye Group

    9.8.2023The shareholders of LivEye Group, a portfolio company of the NORD Holding Small Cap Fund, have expanded the existing financing structure to support the rapidly growing business mod-el.

    Advising LEO II Fund on the financing of the acquisition of promedi Personalmanagement GmbH

    2.8.2023Advising LEO II Fund on the financing of the acquisition of promedi Personalmanagement GmbH

    Advising Goldbeck Robens Industrial Partners (GRIP) on the growth financing of its stake in HWP Handwerkspartner GmbH

    31.7.2023Advising Goldbeck Robens Industrial Partners (GRIP) on the growth financing of its stake in HWP Handwerkspartner GmbH

    Advising Uniplast Knauer GmbH & Co. KG, a portfolio company of the Blue Cap AG, in the context of a Management-Buy-Out

    25.7.2023Advising Uniplast Knauer GmbH & CO.KG, a portfolio company of the Blue Cap AG, in the context of a Management-Buy-Out

2022

    Advise of the lenders on the financing of the acquisition of Christian Koenen GmbH by Afinum*

    7.11.2022Advise of the lenders, funds managed by ODDO BHF Asset Management GmbH, Volksbank eG – Die Gestalterbank and Sparkasse Rhein-Nahe, on the financing of the acquisition of Christian Koenen GmbH by Afinum. *Deal completed with former law firm.

    Advise of Capvis on the financing of the investment into AdEx Partners*

    4.11.2022Advise of Capvis on the financing of the investment into AdEx Partners. *Deal completed with former law firm.

    Advise of LEO II Fund on the financing of the acquisition of Vitesco Technologies Emitec GmbH*

    14.10.2022Support of the investment fund Lenbach Equity Opportunities II GmbH & Co. KG. *Deal completed with former law firm.

    Advise of Permira Credit on the financing of the acquisition of valantic Group by DPE Continuation Fund I*

    13.10.2022Support of the senior lender Permira Credit on the financing of the acquisition of valantic Group by DPE Continuation Fund I. *Deal completed with former law firm.

    Advise of Volksbank eG on the refinancing of the YAVEON Group

    15.9.2022Advise of Volksbank eG – the "Gestalterbank" on the refinancing of the YAVEON Group, in which, among others, an Unigestion SA advised fund and the management are significantly involved. Deal completed with former law firm.

2021

    Advise of Volksbank eG – Die Gestalterbank on the financing of the acquisition of Fishing-King GmbH*

    10.12.2021Support of Volksbank eG – Die Gestalterbank in financing the acquisition of Fishing-King GmbH by Afinum Management GmbH. The parties have agreed not to disclose the financing volume. *Deal completed with former law firm.

    Advise of FSN Capital VI on the financing on an investment in MEGABAD*

    31.8.2021Advise of FSN Capital VI* on the financing of an investment in MEGABAD. *Deal completed with former law firm.

    Advise of EMZ Partners on the investment in Simon Hegele Group*

    14.7.2021Advise of EMZ Partners on an investment in Simon Hegele in a „management sponsored“ buy-out as part of an orderly succession plan. *Deal completed with former law firm.

Quotes

"Bernd Egbers is a well-known and experienced practitioner with particular expertise in leveraged finance transactions. He advises private equity firms and debt funds as well as companies and banks on LBOs, acquisition financings and direct loans. Market sources point out his high commercial understanding of transactions. His experience ensures he quickly absorbs key considerations and navigates his clients smoothly through the transaction process'."

– Chambers Global Guide and Chambers Europe 2021:
Ranking "Top 30 Lawyers" Banking & Finance - Germany

Dr Bernd Egbers is valued for "his very good commercial understanding and exceptional negotiating skills in gridlocked situations."

– Legal 500:
Recommended Lawyer for Banking & Finance (2012 - 2021)