Advent and Centerbridge finalize acquisition of Aareal Bank

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).