Ashurst advises DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main and Federated Hermes Private Credit

Ashurst advised DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main and Federated Hermes Private Credit on their financing of the majority stake acquisition in FAST LTA GmbH by Summa Equity AB. FAST LTA GmbH is a leading German provider of secure data storage and archiving solutions. Headquartered in Munich, Germany, with around 100 employees, FAST LTA is a solution provider offering cutting edge high-security storage for archiving, backup and recovery of business critical and sensitive data. With both, software and hardware solutions, to ensure protection against ransomware and other cybersecurity challenges, FAST LTA specializes in providing zero loss storage solutions. The revenue of the company was EUR 25m in 2023 with a strong growth projection.

The Ashurst team, led by Anne Grewlich (Partner), Judit Körmöczi (Counsel) and Christopher Clerihew (Senior Associate), was supported by Aastha Aggarwal (Associate) and Ariana Fazlic (Senior Transaction Lawyer) (all Global Loans Frankfurt).