Ashurst advised Credit Suisse and Patrimonium as lenders on the financing of the acquisition of a majority stake in Lässig GmbH (LÄSSIG) by Ambienta. LÄSSIG is a producer of functional, sustainable and innovative products for babies, children and the whole family, with sales in the DACH region as well as other European markets. The parties have agreed not to disclose the terms and conditions of the financing.
LÄSSIG, with more than 110 employees, was founded by Claudia and Stefan Lässig in 2006 and is based in Babenhausen, Hesse (Germany). From innovative diaper bags, which are still among its most successful products, LÄSSIG’s product range has been gradually expanded to include bags/backpacks, toys, crockery for kids, apparel and more. LÄSSIG products can be purchased in about 2,800 traditional retail stores, 50 online stores and via its proprietary online shop.
Ambienta is a European environmental sustainability investor across private and public markets. Operating out of Milan, London, Paris and Munich, Ambienta manages over €3bn in assets with a focus on investing in private and public companies driven by environmental megatrends and whose products or services improve resource efficiency or pollution control. In private equity, Ambienta has completed 58 investments to date. In public equity markets, Ambienta has pioneered one of the world’s largest absolute return fund entirely focused on environmental sustainability and manages a full suite of sustainable products ranging from low-risk multi-asset fund to equity long only.
The Ashurst team was led by partner Dr Matthias Weissinger. He was assisted by counsel Judit Körmöczi, associate Lorenz Schwojer and senior transaction lawyer Ena Selimbegovic (all Global Loans). Counsel Dr Susanne Knoch provided advice on tax law aspects.
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.
