Clifford Chance has advised Paragon Partners and its WEKA Group portfolio companies, which offer specialist media and communications services, on the carve-out and sale of their education business arm consisting of five companies in Germany and Switzerland. The buyer is Aspire Education Group, a portfolio company of EMZ Partners. Closing is scheduled for the end of September.

The Clifford Chance team led by partner Mark Aschenbrenner and counsel Samuel Frommelt comprised partner Volkmar Bruckner, associate Maja Riedrich (both Corporate/Private Equity, Munich), counsel Susanne Werry and associate Kata Éles (both Corporate/TechDigital, Frankfurt) together with senior associate Nicolas Hohn-Hein (IP, Dusseldorf).

Andreas Müller, Anna Peter and Margit Marti from the Swiss firm Homburger provided advice on Swiss law.