Ashurst advised HSH Nordbank on the financing of the acquisition of von Poll Immobilien GmbH and of von Poll Immobilien Beteiligungs- und Verwaltungs GmbH by private equity firm Deutsche Beteiligungs AG (DBAG). The real estate brokerage group, headquartered in Frankfurt am Main, was sold by its founders who will re-invest in the group in the course of the transaction.

The parties have agreed not to disclose the purchase price and the financing volume.

The Ashurst team was led partner Dr. Bernd Egbers. He was assisted by counsel Christiane Bestgen, senior associate Isabell Pöller and transaction manager Anna Caterina Zoth (all finance). Corporate aspects were advised on by corporate partner Holger H. Ebersberger and associate Nicole Kaps (all Munich).

Ashurst has been advising HSH Nordbank for many years, most recently in 2017 as a member of an international banking syndicate granting a €800 million loan to Scout24 Group, the operator of online marketplaces such as ImmobilienScout24 and AutoScout24. Ashurst also works regularly for DBAG, both in connection with acquisition financings and in relation to acquisitions of companies and shareholdings.

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