Ashurst advised Folsom HoldCo 4 S.à r.l., a holding company managed by private equity investor Kildare Partners (Kildare), on the sale of a real estate loan to Apollo Global Management (Apollo) and the Silverton Group (Silverton).

Kildare had taken over the loan in 2015 in the course of the acquisition of GE Capital Real Estate's German real estate portfolio.

The sale of the loan is part of an overall transaction and was carried out in combination with a share deal, in which Apollo and Silverton acquired 17 buildings in the TechnologyPark Köln in Cologne for the Apollo European Principal Finance III Fund. The 123,000sqm portfolio, which includes a hotel and conference centre, was previously owned by a family office.

The Ashurst team was led by finance partner Derk Opitz. Corporate partner Jan Krekeler  and real estate partner Nicolas Deuerling also advised. They were supported by associate Annabelle Sachs and transaction lawyer Julia Probst (both finance, all Frankfurt).

Ashurst previously advised Kildare on the 2015 acquisition of GE's German real estate portfolio.