Ashurst advised Ares European Direct Lending funds on the successful refinancing and recapitalization of SelectLine Group. The transaction closed on June 17, 2025.
SelectLine Group, headquartered in Magdeburg, Germany, is a portfolio company of private equity investor Elvaston Capital Management and is one of the leading developers of ERP systems for small and medium-sized enterprises.
Ares European Direct Lending funds are managed by affiliates of Ares Management Corporation, a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. As of March 31, 2025, Ares Management Corporation's global platform had approximately $546 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East.
The Ashurst team was led by Frankfurt Global Loans Partner Anne Grewlich and Counsel Judit Körmöczi, supported by Senior Associate Mid Eum Joo and Associate Britta Freitag (all Frankfurt).
