Ashurst advised Joh. Berenberg, Gossler & Co. KG ("Berenberg") on the financing of an investment of The Riverside Company in Bike24 GmbH. The parties have agreed not to disclose the purchase price and financing volume. Dresden-based Bike24 GmbH is an online retailer of bicycle components, accessories and sporting goods.

The Ashurst team was led by Munich-based finance partner Dr Bernd Egbers. He was supported on corporate law by partner Lars Jessen (Corporate, Munich) and on tax law by partner Heiko Penndorf (Tax, Frankfurt). Moreover, senior associate Carsten Endres, associate Dr Thomas Freund and paralegal Anna Zoth (all Finance, Munich) as well as Frankfurt-based senior associates Dr Philip Cavaillès (Corporate) and Felix Krüger (Tax) supported the team.

Ashurst regularly advises Berenberg in relation to buy-out financings, including on the financing of the acquisition of confectionery group Hussel by Emeram Capital Partners in May 2014. Hussel was sold by Douglas Holding.