Ashurst advised HSBC, Lloyds, Société Générale and Unicredit on the £535 million (equivalent) recapitalisation of Host Europe Group (HEG) following its acquisition of the German headquartered web hosting supplier Intergenia. HEG is a portfolio company of private equity investor Cinven. The revised capital structure comprises upsized senior facilities and new euro and sterling second lien facilities.

The Ashurst team was led by London banking partner Luke McDougall and Frankfurt banking partner Anne Grewlich. They were assisted by senior associate David Collins and associates Selina Martines, Emma Sandall and trainee Kimberley Sayers in London and associates Ralph-Tobias Rodrian and Gabrielle Metherall and paralegal Dimitar Morfov in Frankfurt. Partners Nicholas Gardner and Dr. Klaus Herkenroth and senior associates Ceri Stoner and Nadine Gelli advised on tax issues whilst partner Nick Rainsford and senior associate Dr. Carolin Fenck advised on corporate law aspects.

HEG is the largest privately-owned hosting group in Europe. It manages in excess of 6 million domains, and manages more than 1 million customers.  It is the biggest domain registrar in the UK, and largest virtualisation provider in Europe.