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Freshfields advises H.I.G. WhiteHorse on an acquisition financing for Waterland Private Equity

Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) has accompanied funds advised by H.I.G. WhiteHorse (‘H.I.G.’) on an acquisition financing. H.I.G. is providing debt financing for Waterland Private Equity's acquisition of shares in the RUF Group via two brands RUF|Betten and BRUNO. The seller of the shares is NORD Holding.

The RUF Group is one of the leading suppliers of premium beds in the German market. BRUNO, based in Berlin, is a direct-to-consumer (D2C) company specialising in the online direct distribution of high-quality designer box spring beds and sofa beds. With the support of the new owner and buy-&-build investor Waterland, the company intends to continue its successful growth path and accelerate it further in the medium term through strategic acquisitions.

H.I.G. WhiteHorse is the credit affiliate of H.I.G. Capital and focused on providing flexible debt financing solutions to middle market companies in Europe and the United States. Operating a broad investment mandate, H.I.G. WhiteHorse provides unitranche, senior and subordinated debt capital for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations.

The Freshfields team was led by Michael Josenhans (Partner) and also included Alexander Pospisil and Laura Korndörfer (all Finance, Frankfurt).