Ashurst advises Patrimonium on growth financing
16 February 2023
Ashurst advised Patrimonium Middle Market Debt Fund, a private debt fund of Patrimonium Asset Management AG (Patrimonium) focused on mid-market companies, on a growth financing for Enapter AG (ENAPTER). Patrimonium has committed as a strategic financing partner to ENAPTER and provides debt financing to fund growth as well as Germany's first completely off-grid production plant.
ENAPTER is an innovative energy technology company that manufactures highly efficient hydrogen generators to replace fossil fuels and drive the global energy transition. The patented and proven anion exchange membrane (AEM) technology enables the mass production of cost-effective electrolysers for the production of green hydrogen. The company has its headquarters in Germany and another production site in Italy. The growth financing from Patrimonium makes an important contribution towards driving the decarbonisation of the economy with innovative and sustainable companies like ENAPTER.
The Ashurst team was led by partner Dr Tobias Krug and senior associate Julia Friedle (both Global Markets). They were assisted by partner Dr Karsten Raupach (Restructuring and Special Situations), senior associate Alexandra Heitmann and transaction lawyer Rina Axhimusa (both Global Markets). Ashurst regularly advises Patrimonium.
