Ashurst advised financial investor Equistone Partners GmbH ("Equistone") on the acquisition of the Karl Eugen Fischer Group and the associated acquisition financing. The manufacturer of machines for the tyre industry and sheet metal processing was sold by a fund advised by Equita Management GmbH ("Equita"), the investment holding of Harald Quandt Holding. Financing was provided by Commerzbank AG, BayernLB, NordLB and Sparkasse Coburg-Lichtenfels. The closing of the transaction is still subject to clearance by the Federal Cartel Office.

Ashurst advised with lawyers from various practice groups in Frankfurt and Munich led by corporate partner Dr Benedikt von Schorlemer (Frankfurt) and banking partner Dr Bernd Egbers (Munich). The team included tax partners Dr Klaus Herkenroth and Heiko Penndorf as well as employment partner Dr Andreas Mauroschat (all Frankfurt). Senior associates Jan Kupfer and Jan Krekeler, associates Dr Angela Brücken and Dr Kim Laura Frank (all corporate, Frankfurt), counsel Christiane Kneip, associate Thomas Freund and paralegal Anna Zoth (all banking, Munich), counsel Dr Maximilian Boemke (commercial), counsel Dr Christoph Rieken (IP), senior associate Dr Hendrik Theismann (real estate) and associate Laura Oprée (employment) also advised.

Ashurst has previously advised Equistone in connection with acquisitions. Last year, the firm successfully advised the financial investor on five transactions, including inter alia the financing in connection with the acquisition of aviation supplier EuroAvionics and wheelchair manufacturer Sunrise Medical as well as the acquisition of furniture manufacturer Vivonio Furniture.