Ashurst advised an international banking syndicate led by UniCredit Bank AG (UniCredit) and ABN Amro Bank N.V. (ABN Amro) on the granting of a € 1bn loan to Scout24 Group (Scout24). The new credit facility is intended for the refinancing of an existing syndicated financing of € 800m granted by the end of 2016 as well as for the financing of future acquisitions of the group, an operator of online marketplaces across Europe such as ImmobilienScout24 and AutoScout24.

The banking syndicate also comprises Bayerische Landesbank, ING Bank, eine Niederlassung von ING-DiBa AG, Landesbank Baden-Württemberg, DZ BANK AG Deutsche Zentrale-Genossenschaftsbank Frankfurt am Main, BNP Paribas S.A. Niederlassung Deutschland, Landesbank Hessen-Thüringen Girozentrale und NORD/LB Luxembourg S.A. Covered Bond Bank. Ashurst also advised UniCredit Bank AG in its capacity as Facility Agent.

The Ashurst team was led by Frankfurt-based finance partner Anne Grewlich. She was assisted by counsel Christiane Bestgen and transaction manager Anna Caterina Zoth (both finance, Munich). Ashurst regularly advises UniCredit and ABN Amro on financings.

Ashurst's German banking & finance practice advises banks, alternative lenders, private equity firms and companies on domestic and cross-border acquisition, real estate, asset and infrastructure/project financings as well as on financial restructurings and corporate loans.