Ashurst advised Oldenburgische Landesbank AG and NATIONAL-BANK Aktiengesellschaft on the financing of the acquisition of TISSO Naturprodukte GmbH (TISSO) by Afinum. Afinum acquires a majority stake in the specialized provider of holistic therapeutic nutritional supplements, alongside the existing shareholders and the management. The parties agreed not to disclose the terms and conditions of the financing.
TISSO stands for high-quality nutritional supplements and a holistic therapy concept with a focus on the treatment of chronic health conditions. In addition to its own product portfolio, TISSO supports customers as a B2B service provider in the field of innovative nutritional supplements, starting from product development to distribution and logistics functions. With the support of Afinum, inter alia, the ongoing build-up of sales and distribution channels will be accelerated. Markus Junge remains CEO and significantly invested in the company alongside founder Albert Hesse.
Oldenburgische Landesbank, headquartered in Oldenburg, is a financial institution anchored in northern Germany with more than 150 years of history, serving its customers throughout Germany under the two brands OLB Bank and Bankhaus Neelmeyer. Essen-based NATIONAL-BANK 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 both banks previously on several transactions.
The Ashurst team was led by partner Dr Matthias Weissinger. He was assisted by senior associate Franziska Sauer and transaction lawyer Ena Selimbegovic (all Global Loans, Munich).
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.
