Travers Smith has advised longstanding client Ancala Partners LLP (Ancala) on the financing for its acquisition of a majority stake in MUCH Gruppe, a specialist provider of temporary modular buildings, related accessories, services, and broader infrastructure solutions.
Headquartered in Limburg an der Lahn, Germany, MUCH Gruppe provides its temporary space and modular solutions to defence, government and emergency response sectors. Its turnkey solutions include camps, courthouses, corporate, industrial and education sector solutions and emergency medical and crisis response accommodation. MUCH Gruppe owns a large, modern and well-invested fleet with technical depth and broad customisation capabilities. This enables it to deploy large, integrated accommodation and broader infrastructure solutions at speed and scale, meeting highly specialised and regulated customer requirements. The vast majority of its revenues come from rental contracts with blue-chip and government counterparties.
Infrastructure Finance Partner Ryan Ayrton said: "It has been fantastic to work with Ancala and MUCH Gruppe on the financing for this strategically significant acquisition. We are pleased to continue supporting Ancala as they reinforce their impressive reputation for investing in essential infrastructure across Europe."
The Travers Smith team was led by Infrastructure Finance Partner Ryan Ayrton, with support from Finance Associates James O'Neill, Ailsa Davies and Trainee Solicitor Scarlett Cameron-Faulkner. Specialist advice was provided by Head of Derivatives & Structured Products Jonathan Gilmour, with support from Associates Tom Purkiss and Jamie Errington.
This deal follows our previous work supporting Ancala Partners on the acquisition of Irish telecom tower portfolio from PTI and Ancala Partners on the acquisition of an additional 47% interest in Liverpool John Lennon Airport
