Ashurst advised finance investor Triton on the reorganisation of old liabilities of its portfolio company Stabilus. The reorganisation took place prior to the automotive supplier's IPO on 23 May 2014.

The IPO, comprising a capital increase by Stabilus as well as the sale of existing shares by Triton, was the largest in Germany so far this year raising €261 million. The shares were primarily acquired by institutional investors. Stabilus intends to use the proceeds from the capital increase to partially repay a high yield bond issued in 2013.

Ashurst advised with a team based in Munich and London, led by Munich partner Sebastian Schoon. He was supported by senior associate Carsten Endres and associate Dr Thomas Freund (all finance/restructuring). Partner Dan Hamilton and associate Andrew Martin (both restructuring) and senior associate Paul Witte (corporate, Luxembourg desk), all from the London office, also advised.