Ashurst advises DBAG on acquisition and financing of Sjolund
Ashurst advised Deutsche Beteiligungs AG (DBAG) comprehensively on the acquisition and financing of a participation in Sjølund A/S (Sjølund), a leading manufacturer of aluminium and steel components. As part of a management buy-out, DBAG ECF, a fund managed by DBAG, will acquire around 51 percent of the shares in Sjølund from previous sole owner and CEO Søren Ravn Jensen. The remaining 49 percent of the shares will in future be held by Søren Ravn Jensen, who will continue to serve as CEO of the company, and other members of the management.