Freshfields advises on the infrastructure financing for Ancala’s acquisition of MUCH

Global law firm Freshfields has advised Kommunalkredit Austria on the infrastructure financing for the acquisition of a majority stake in MUCH Gruppe, a specialist provider of temporary modular buildings and related infrastructure solutions, by Ancala.

Ancala, an independent infrastructure investment manager, has acquired a majority interest in MUCH, a key player in the German market for temporary infrastructure. The CEO of MUCH Gruppe, Manuel Much, will retain a significant minority stake in the company.

Headquartered in Limburg an der Lahn, Germany, MUCH Gruppe provides temporary modular solutions for a variety of sectors including defence, government, and emergency response. The company is known for its large, modern, and well-invested fleet, which allows for the rapid deployment of large-scale, customized infrastructure solutions to meet specialized and regulated customer requirements. A significant portion of its revenue is generated from rental contracts with blue-chip and government counterparties.

The financing provided by Kommunalkredit Austria was instrumental in the successful completion of this acquisition. With its infrastructure banking focus, Kommunalkredit Austria specializes in financing and advising on innovative infrastructure projects and businesses throughout Europe.

The Freshfields team was led by Partner Andreas Ruthemeyer and further consisted of Counsel Anouschka Zagorski, Principal Associate Laura Korndörfer and Associates Iryna Karpliuk and Valentina Niegisch (all Infrastructure Finance, Frankfurt).

Tax advice was provided by Partner Sebastian Röger and Principal Associates Sebastian Jung and Julia Langner (all Frankfurt).