Ashurst has revealed that it recently advised lenders and Vendis Capital on the financing of the acquisition of the majority stake in BlueBrixx and Model Car World.
Founder and CEO Klaus Kiunke, who will retain a minority stake, invests alongside Vendis Capital to further accelerate the growth and development of the two companies.
Founded in 2017, BlueBrixx is a direct-to-consumer brand offering a wide portfolio of brick construction sets for an adult enthusiast community covering multiple special interest themes.
Model Car World was founded in 2001 and is a leading supplier of model cars in Europe.
The participation in BlueBrixx and Model Car World represents the fifth investment within Vendis Capital III fund, which was launched in 2019.
The Ashurst team was led by partner Anne Grewlich and counsel Dr Philipp Vorbeck. They were assisted by associate Julia Donnecker.