Ashurst advises NATIONAL-BANK on financing
11 July 2022
Ashurst advised NATIONAL-BANK Aktiengesellschaft on the financing of the acquisition of von Wülfing Immobilien GmbH (von Wülfing) by Borromin Capital Fund IV. The parties have agreed not to disclose the terms and conditions of the financing.
von Wülfing brokers residential, commercial and investment properties and is one of the leading real estate agents in Northern Germany. Founded in 1980 by Volker von Wülfing, the company has developed into one of the leading real estate brokerage platforms in Northern Germany and is one of the largest independent brokers in Germany. From its headquarter in Isernhagen (near Hanover) and with a branch network of ten self-owned locations, operated by 80 employees, von Wülfing offers its customers the brokerage of residential and commercial real estate in all relevant segments.
Borromin Capital, previously Steadfast Capital, was founded in 2001 as an independent private equity advisory business. As a partner for SMEs, Borromin Capital has a successful track record of structuring, financing and assisting company successions in Germany and neighbouring countries and provides equity for spin-offs from larger groups and expansion capital to companies with compelling growth opportunities.
NATIONAL-BANK with headquarters in Essen is one of Germany’s leading regional banks. For the past 10 years, it has also been assisting financial investors, inter alia, in the context of acquisition financings. Ashurst has advised NATIONAL-BANK previously on several transactions.
The Ashurst team was led by partner Dr Matthias Weissinger. He was assisted by senior associate Franziska Sauer, associate Lorenz Schwojer and senior transaction lawyer Ariana Fazlic (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.