Ashurst advised Berenberg Bank and Bayern LB on the financing of the acquisition of Mercareon GmbH by Transporeon GmbH, a portfolio company of private equity firm The Riverside Company (Riverside).

Both Transporeon and Mercareon have their registered seat in Ulm and are specialised in transport management software. Transporeon is the European market leader for software-as-a-service solutions for full-truck-load logistics. Mercareon has a strong competitive position and a large customer base. Riverside will support Mercareon in penetrating existing markets, expanding into new regions and industries and further advancing product development.

The Ashurst team was led by Frankfurt-based banking partner Dr Tom Beckerhoff. Senior associate Dr Endrik Kramski, associate Michael Schuhmacher and transaction manager Julia Probst (all Banking, Frankfurt) assisted.