Ashurst advised DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, NIBC Bank N.V., SEB AG and Berliner Volksbank eG on financing the acquisition of Berliner kfzteile24 GmbH (kfzteile 24) by EQT Mid Market Limited Partnership (EQT Mid Market), a part of the EQT private equity group. The sellers are the founders of the company, Matthias Kieper and Torsten Hainke. Both remain significant shareholders of kfzteile24 and continue their functions as co-CEOs. The contracting parties have agreed that confidentiality will be maintained regarding the financing volume and the purchase price.

The Ashurst team was led by partner Anne Grewlich and counsel Dr Oliver K. Hahnelt. Associate Ralph-Tobias Rodrian, transaction manager Kerstin Hartmann and paralegals Dimitar Morfov and Nur Ipek (all banking, Frankfurt) supported. Tax partner Heiko Penndorf and corporate counsel Dr Fabian von Samson-Himmelstjerna also advised.

kfzteile24 is one of the leading German on-line traders for car spare parts and accessories. EQT Mid Market's strategy is to support further growth of kfzteile24 both with regard to the development and extension of the products/services offered on-line and the exploration of further growth opportunities.