Ashurst advised Kartesia Credit Opportunities I, a €507 million pan-European credit fund with offices in Brussels, London and Luxembourg (Kartesia), in connection with the partial financing of the acquisition of Swatycomet d.o.o. (Swatycomet), one of Europe's leading manufacturers of bonded abrasives, by Weiler Corporation (Weiler), a leading provider of power brushes, abrasives and maintenance products for surface conditioning. Swatycomet, headquartered in Maribor, Slovenia, was sold by Avtotehna. The parties  agreed not to disclose the terms of the transaction.

Kartesia, a new client to Ashurst's German finance team, provided the financing as a unitranche facility.

The Ashurst team was led by Frankfurt-based finance partner Anne Grewlich, assisted by counsel Dr Oliver K Hahnelt, associate Gabrielle Metherall and transaction lawyer Emilie Veyran-Müller (both finance, Frankfurt). Partner Isabelle Lentz, senior associate Francoise Haralamb and associate Conrad Proulx, all from Ashurst's London-based Luxembourg Desk, advised on aspects of Luxembourg law.

The transaction confirms Ashurst's leading position as legal advisor with regard to unitranche financings.