Ashurst advised funds advised by DPE Deutsche Private Equity GmbH (DPE) on financing the takeover of the electroplating and injection molding specialist Fischer surface technologies. The parties have agreed not to disclose the financing volume.

The company with German plants in Katzenelnbogen and Seelbach, as well as three sites in Liberec, Czech Republic, is a leading manufacturer of chrome-plated plastic parts for the automotive, sanitary, and domestic appliance industries. At over 600 employees Fischer surface technologies generates revenues of about €70 million in the current fiscal year.

The Ashurst team was led by partner Dr Bernd Egbers and associate Isabell Pöller. Transaction manager Susanne Kasnitz assisted (all finance, Munich). Frankfurt-based partner Dr Martin Bünning advised on tax law.
 
Ashurst previously worked for DPE. In October 2014, a team led by Dr Bernd Egbers advised the Munich-based financial investor in relation to financing the acquisition of the Ziegler Group, a manufacturer of nonwovens based in Germany and Hungary.
 
DPE is an independent German investment company and one of the largest growth capital providers in Germany. It focuses on mid-sized companies in German-speaking markets that are operating in sectors with a long-term positive development perspective. DPE manages total assets of some €1.1 billion.