Ashurst advised funds managed by Equistone Partners on the acquisition and the financing of Rhodius Group. Equistone acquired the shares from NORD Holding and BayBG Bayerische Beteiligungsgesellschaft. Rhodius is a leading manufacturer of mechanical components and modules for airbags and the environmental and process engineering industry. The acquisition financing was provided by Commerzbank Aktiengesellschaft. The parties have agreed not to disclose the purchase price nor the financing volume.

The Ashurst team was led by corporate partner Dr Benedikt von Schorlemer (Frankfurt) and finance partner Dr Bernd Egbers (Munich) and comprised partners Heiko Penndorf (tax), Peter Junghänel (real estate) and Dr Andreas Mauroschat (employment, all Frankfurt-based). Counsel Jan Krekeler, senior associate Jan Kupfer, the associates Marcel Goroll and Maximilian Santüns as well as paralegal Julia Stumpf (all Frankfurt) advised on the corporate side. Counsel Christiane Bestgen, associate Dr Thomas Freund and transaction manager Susanne Kasnitz (all Munich) supported on the acquisition financing. Counsel Dr Anna-Katharina Lohbeck (IT), senior associates Katrin Lübcke and Juditha von der Heydt (employment) as well as senior associate Felix Krüger (tax, all Frankfurt) also advised.

Ashurst regularly advises Equistone in connection with company purchases, sales and acquisition financings, including in 2013 on the sale of the Computerlinks Group and in 2014 on the financing of the acquisition of AF Gaming Holding GmbH and Caseking Holding GmbH.