Ashurst has advised Ardian Private Debt (Ardian) on the unitranche financing to support the majority acquisition of Cleverbridge AG (Cleverbridge) by funds advised by EMH Partners (EMH Partners) together with the management team as well as the founders. The financing arranged by Ardian’s private debt team also includes an additional committed credit facility to further support Cleverbridge’s global expansion plans.
Ardian is a leading global private investment firm that manages or advises USD 130 billion in assets on behalf of more than 1,300 clients worldwide. EMH Partners is an owner-managed private equity firm and one of the leading investors in the DACH region. Cleverbridge, based in Cologne and Chicago, provides solutions that enable clients to increase revenue without hiring additional staff. With a full suite of revenue tools including renewal automation, payment, tax and compliance solutions, Cleverbridge helps B2B and B2C companies go to market in 180 markets and processes an average of 1.5 million transactions per month.
The Ashurst team advised under the lead of Partner Anne Grewlich and Counsel Sabrina Bremer. They were supported by associates Sascha Lotholz and Yasaman Zargar.
Ashurst’s German banking and finance practice advises banks as well as alternative lenders, private equity investors and corporates on domestic and cross-border acquisition, real estate, asset, infrastructure/project financings as well as financial restructurings and corporate lending.