Ashurst advises lenders on financing acquisition of majority stake

Ashurst advised the lenders on the financing of the acquisition of the majority stake in BlueBrixx and Model Car World by Vendis Capital. Founder and CEO Klaus Kiunke, who will retain a minority stake, invests alongside Vendis Capital to further accelerate the growth and development of the two companies.

BlueBrixx and Model Car World are two leading omnichannel players based in Flörsheim near Frankfurt / Germany. Founded in 2017, BlueBrixx is a direct-to-consumer brand offering a wide portfolio of bricks construction sets for an adult enthusiast community covering multiple special interest themes. Model Car World was founded in 2001 and is a leading supplier of model cars in Europe.

Vendis Capital is an independent private equity firm specialising in the consumer goods sector in Europe. The participation in BlueBrixx and Model Car World represents the fifth investment within Vendis Capital III fund, which was launched in 2019, and the fourth acquisition in Germany.

The Ashurst team was led by partner Anne Grewlich and counsel Dr Philipp Vorbeck. They were assisted by associate Julia Donnecker (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.

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