Latham & Watkins Advises Supervisory Board of Aareal Bank on Investment Agreement and Announced Takeover Offer

German team represented the Supervisory Board of a leading international real estate specialist in the transaction.

November 26, 2021

Aareal Bank signed an investment agreement with an entity to be named Atlantic BidCo GmbH (Atlantic BidCo), a company established and held indirectly by financial investors Advent International Corporation and Centerbridge Partners, L.P., as well as co-investors.

Atlantic BidCo will make a cash offer to the shareholders of Aareal Bank for the acquisition of all outstanding shares at €29.00 per share. The offer includes a premium of around 35 per cent on the volume-weighted average share price over the last three months, prior to the announcement of the discussions on a potential transaction. Based on this offer price, Aareal Bank Group is valued at €1.736 billion.

Latham & Watkins deal team represented the Supervisory Board of Aareal Bank, led by Hamburg corporate partners Henning Schneider and Dirk Kocher, with Frankfurt regulatory partner Markus Krüger, Hamburg corporate counsel Andreas Lönner, and associate Philipp Thomssen.

Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.