Berlin/Frankfurt am Main—Dentons has advised BASLER on the sale of its shares to the private equity fund Tempus Capital Fund One SCS. The company was sold in the framework of a double-sided trusteeship with all bank and shareholder loans also being sold to Capital Fund One SCS. The acquired debt position will be restructured and converted into equity. As part of the transaction, BASLER secured a new working capital financing facility from Alteri Investors.

Founded in 1936 in Berlin, BASLER is today an international and rapidly expanding company. BASLER is one of the few German brands that operates worldwide with more than 160 Monobrand shops and sores and has more than 1,600 point of sales in 60 countries. Tempus Capital is an independent private equity company based in Frankfurt am Main focusing on mid-market companies in distressed situations in German-speaking regions.

The Dentons team was led by Partner Andreas Ziegenhagen who worked with Counsels Dr. Bernd Schumann, Michael Seppelt, Senior Associate Dr. Jan Seelinger and Associate Judith Specht. The Dentons team has a strong track record in this area having advised on a number of trust-based transactions including, most recently, the sale of iron foundry Gienanth to Deutsche Beteiligungs AG. 

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