Ashurst has advised finance investor Odewald KMU Gesellschaft für Beteiligungen mbH on the financing of the acquisition of Spieth & Wensky group from its previous owners, Harmuth Spieth and Rainer Wensky. The financing was provided by Sparkasse Passau.

The Ashurst team was led by Munich-based finance partner Dr Bernd Egbers, supported by associate Isabell Pöller and paralegal Anna Zoth.

Odewald KMU was advised internally by partner Heiko Arnold and investment manager Igor Golubov.

Odewald KMU mandates Ashurst regularly in connection with acquisition financings. In March 2012, the firm supported Odewald KMU on the financing of the acquisition of univativ GmbH & Co.

The Odewald KMU fund was established at the end of 2008 with a volume of approximately €150 million. The Fund invests in smaller mid-sized companies in German-speaking countries.

Spieth & Wensky group, headquartered in Obernzell/Bavaria, produces traditional Bavarian attire, shoes and gloves. The group employs over 400 people, with 85 staff in Germany.

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