Ashurst advised Patrimonium Middle Market Debt Fund (Patrimonium) and Credit Suisse (Schweiz) AG (Credit Suisse) as lenders on the financing of the acquisition of Dietzgen Corporation by Sihl, a portfolio company of Equistone. GLAS acted as agent.
Dietzgen Corporation with headquarters in Tampa, Florida (US), is a well-known provider of processing and distribution services for digital print media such as paper, films and fabrics. Founded in 1989, the company has an extensive dealer network and is known for nationwide just-in-time deliveries due to six convenient locations. Its media brands Dietzgen (CAD and Reprographic applications), Magic (Signage), Museo (Photo and Fine Art) and Validation (Proof) are very well established.
The Sihl Group, a company with a rich tradition headquartered in Ostermundigen / Switzerland, has formed part of the portfolio of the funds advised by Equistone Partners Europe since 2016, specialising in the coating and finishing of papers, films and fabrics for an international customer base. The acquisition of Dietzgen marks an important milestone in the strategic development of the Sihl Group and is the first acquisition since Equistone’s investment.
The Ashurst team was led by partner Dr Tobias Krug. He was assisted by counsel Sabrina Bremer, associate Julia Friedle and senior transaction lawyer Petra Schott (all Finance). Counsel Martina Rothe advised on corporate law. Advice on tax law aspects was provided by partner Dr Anders Kraft. In the US, the team led by partner Michael Neary (Global Loans) was involved. Advice on Swiss law was provided by law firm Advestra led by partner Dr Alexander von Jeinsen.
Ashurst regularly advises Patrimonium and Credit Suisse in the context of acquisition financings. Ashurst’s German banking and finance practice advises both banks and alternative lenders, private equity investors and companies on domestic and cross-border acquisition, real estate, asset and infrastructure / project finance as well as on financial restructuring and corporate lending.
