Ashurst advises a fund managed by capiton on financing the acquisition

Ashurst advised capiton VI, a fund managed by capiton AG (capiton), on the financing of the acquisition of a majority stake in Betonbau Group. The parties have agreed not to disclose the terms and conditions of the financing.

Betonbau Group, headquartered in Waghäusel, Germany, was established in 1963. The name “Betonbau” goes back to its foundations when the company focused on the production of concrete enclosures for local electrical substations. Today, Betonbau is the largest German player in the attractive niche markets of turnkey technical stations such as transformer stations for power grids, charging infrastructure for e-mobility and point of presence/ POP stations for telecommunication networks. The group employs a total of 900 FTEs across four sites in Germany and one site in the Czech Republic, manufacturing its products for more than 1,000 public and private customers.

Berlin-based capiton is an independent, owner-managed private equity firm that manages a total fund volume of €1.3bn. The investment portfolio of capiton currently comprises 15 medium-sized companies.

The Ashurst team was led by partner Anne Grewlich. She was assisted by counsel Sabrina Bremer, Dr Philipp Vorbeck and associate Sascha Lotholz (all Global Loans, Frankfurt).

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.