Ashurst advised the Mandated Lead Arranger on the financing of the acquisition of the Prefere Resins Group (Prefere) by Silverfleet Capital. Seller of the leading manufacturer of phenolic resins is the German private equity firm Capiton AG and the Prefere management. The parties have agreed not to disclose the financial terms of the transaction.
Capiton acquired a majority stake in Prefere from international chemicals group Dynea Chemicals Oy in February 2014 as part of a buy-out.
The Ashurst team was led by partner Dr Bernd Egbers and senior associate Isabell Pöller. They were assisted by associate Franziska Sauer and transaction manager Anna Zoth (all finance, Munich). Counsel Dr Philipp Cavaillès and senior associate Dr Ian M. Maywald advised on corporate law aspects, Dr Martin Bünning advised on tax law aspects (all Frankfurt).
The original press release can be found here on Ashurst’s website.