Ashurst is advising Oakley Capital in relation to the financing of its acquisition of Schuelerhilfe, which completed on 10 July 2017. 

The acquisition will be part funded by a unitranche debt facility underwritten by Alcentra, alongside equity investments by Oakley and management.

Oakley Capital is a mid-market private equity investor with over €1.5 billion under management, investing primarily in Western Europe. Schuelerhilfe is a specialist provider of after school tutoring to primary and secondary school students in Germany and Austria.

The Ashurst team was led by partner Ross Ollerhead on debt financing matters, assisted by senior associates Giorgia Sosio De Rosa and Darren Phelan and associate Jacob Bennett. Corporate partner David Carter led on the equity investments aspects, assisted by associate Jack Mendelssohn. Goerg, corporate and M&A legal advisors on the transaction, worked alongside Ashurst on German law aspects of the financing.

Commenting on the transaction, Ross Ollerhead said:

"The Ashurst team was able to mobilise quickly to put in place committed acquisition financing for Oakley in the run up to the submission of its bid. We are delighted that Oakley has now completed the transaction."