Wiesbaden / Munich — Atlantic BidCo GmbH has successfully completed the voluntary public takeover offer for the shares of Aareal Bank AG. U.S.-based Advent International and Centerbridge Partners launched a joint takeover bid for Germany’s Aareal Bank (ARLG.DE) in 2021, valuing the lender at 1.7 billion euros ($1.9 billion).
Atlantic BidCo GmbH is a non-controlled company in which funds advised, managed or controlled by Advent International Corporation and Centerbridge Partners, L.P., respectively, as well as CPP Investment Board Europe S.à r.l, a wholly-owned subsidiary of Canada Pension Plan Investment Board, and other minority shareholders hold interests. — Atlantic BidCo GmbH currently holds around 90 percent of the share capital and voting rights of Aareal Bank AG.
Hengeler miller Advises Advent and Centerbridge on the structuring, preparation and implementation of all banking regulatory procedures and aspects of the acquisition of Aareal Bank including the bearer control procedure and the holding structure vis-à-vis the European Central Bank (ECB), the German Federal Financial Supervisory Authority (BaFin) and the German Bundesbank as well as the Bundesverband deutscher Banken e.V. and the Auditing Association of German Banks e.V.
Advisor to Advent and Centerbridge: Hengeler Mueller
Dirk Bliesener (Partner, Banking Regulatory Law, Lead), Prof. Dr. Johannes Adolff (Partner, Corporate Law), Dr. Daniela Favoccia (Partner, Corporate Law), Dr. Christian Hoefs (Partner, Labor Law, all Frankfurt); Dr. Markus Ernst (Partner, Tax Law, Munich), Martin Peters (Counsel, Banking Supervisory Law), Jan Letto Steffen (Counsel, Banking Supervisory Law), Dr. Gerrit Tönningsen (Associate, Banking Supervisory Law), Maximilian Kunzelmann (Associate, Corporate Law, all Frankfurt), Dr. Isabella Zimmerl (Associate, Tax Law, Munich).