Ashurst advised Oberbank AG and Raiffeisenlandesbank Oberösterreich Aktiengesellschaft in connection with financing the acquisition of VHP Haas Holzindustrie GmbH (VHP Haas) and Bayerwald - Fenster Haustüren GmbH (Bayerwald) by the Munich-based industrial holding company ADCURAM Group AG (ADCURAM). Both companies were part of the Haas Group with its head office located in Lower Bavaria. The entrepreneurial family Haas is the seller.

Oberbank AG and Raiffeisenlandesbank Oberösterreich AG worked jointly as arrangers and lenders, whereby Oberbank AG additionally assumed the role of lead manager and collateral agent.

The Ashurst team was led by the Munich banking partner, Dr Bernd Egbers. He was supported by counsel Christiane Bestgen, associate Isabell Pöller and transaction manager Susanne Kasnitz (all Banking, Munich). Tax partner Heiko Penndorf from Frankfurt also advised.
Ashurst worked for Oberbank AG for the first time.

The sale of Bayerwald and VHP Haas is part of a more extensive transaction in the context of which the Haas Group sold its entire components division to ADCURAM.