Latham & Watkins Advises Apera on Financing for Riverside’s Acquisition of GFP

Latham & Watkins LLP has advised pan-European private debt investor Apera Asset Management (Apera) on the arrangement of additional debt facilities to the existing financing to support the investment by funds advised by The Riverside Company (Riverside) in GFP Handels GmbH (GFP) as a strategic add-on acquisition to its portfolio company Toolport GmbH (Toolport).

GFP is a leading niche player and online specialist for greenhouses and raised garden beds in the DACH region.

Latham previously advised on the initial financing of Toolport. The financing was tailored to support the Company’s organic growth as well as future acquisitions. Apera together with Berenberg provided the additional debt facilities for the GFP add-on acquisition, comprising a unitranche acquisition facility in combination with a super senior acquisition facility and an RCF facility increase.

The Latham team was led by Munich partner Thomas Weitkamp and counsel Ludwig Zesch, with Frankfurt senior legal analyst Christoph Rapp.