Ashurst advises capiton on financing the acquisition of a majority stake in Axxence Group

Ashurst advised capiton AG (capiton) on the financing of the acquisition of a majority stake in Axxence Group. The management team of the Axxence Group acquires in a MBO along with capiton the leading natural aroma chemicals manufacturer from its founder, Joost van Neck. The financing of the transaction is provided by capiton’s investment vehicle, capiton VI and a co-investment vehicle managed by capiton. The parties agreed not to disclose the purchase price.

The Axxence Group, headquartered in Emmerich, Germany, is a leading manufacturer of natural aroma chemicals for the global flavour & fragrance industry. Founded in 1986, Axxence has currently around 120 employees and produces over 260 natural aroma chemicals for more than 240 customers in over 35 countries including the world's largest companies of the flavour & fragrance industry.

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, associates Emilie Veyran-Müller and Julia Donnecker as well as transaction lawyers Isabelle Renninger and Ouafaa Elouariachi (all Global Loans).

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.