Frankfurt, a. Main — Baker McKenzie advised AURELIUS Equity Opportunities SE & Co. KGaA on the sale of its subsidiary GHOTEL hotel & living to Cologne-based Art-Invest Real Estate Group. The purchase price was 63 million euros including trailing components. The closing of the transaction is still planned for the first quarter of 2020.
The GHOTEL Group has been part of the AURELIUS Group portfolio since 2006 and during this time has developed into a rapidly growing, dynamic operator of business hotels with currently 17 locations and a further seven planned openings by 2023.
Baker McKenzie advised comprehensively on all legal aspects of the sale in the context of an auction process.
AURELIUS Equity Opportunities has many years of investment and management experience in various industries and sectors. When acquiring its Group companies, it concentrates on identifying, analyzing, building up and exploiting opportunities available on the market. By deploying management capacities and the necessary financial resources for investments, the AURELIUS Group continues to develop its subsidiaries. AURELIUS operates worldwide. The shares of AURELIUS Equity Opportunities SE & Co. KGaA are traded on all German stock exchanges (ISIN: DE000A0JK2A8, stock exchange symbol: AR4).
Art-Invest Real Estate is a long-term oriented investor, asset manager and project developer of real estate in good locations with value creation potential. The focus is on metropolitan regions in Germany, Austria and the UK. Art-Invest Real Estate pursues a “manage to core” investment strategy with institutional investors, selected joint venture partners, and its own capital. Investments span the full spectrum of returns and risks in office, downtown retail, hotel, residential and data center sectors.
Baker McKenzie’s Corporate/M&A team regularly advises on domestic and international transactions and restructurings. Most recently, Baker McKenzie advised, for example, Bayer on the sale of its Currenta shares to Macquarie Infrastructure and Real Assets, METRO on the sale of its retail business in China, Evergrande Health on a joint venture with hofer powertrain, SPIE on the acquisition of OSMO, Toppan Printing Co. Ltd. on the acquisition of the German Interprint Group and Evonik on the sale of its methacrylates group to Advent International.
Legal advisor to AURELIUS Equity Opportunities SE & Co. KGaA: Baker McKenzie
Lead: Corporate/M&A: Dr. Heiko Gotsche, Photo (Partner, Düsseldorf)
Other lawyers involved: Corporate/M&A: Julia Braun (Counsel, Munich), Dr. Katja Heuterkes (Counsel, Munich), Dr. Daniel Bork (Senior Associate, Düsseldorf), Cosima König-Mancini (Associate, Düsseldorf), Dr. Julia Rossié (Associate, Munich)
IP: Andreas Jauch (Senior Associate, Frankfurt)
IT: Dr. Holger Lutz (Partner, Frankfurt), Simone Bach (Senior Associate, Frankfurt)
Banking & Finance: Dr. Oliver Socher (Partner, Frankfurt), Silke Fritz (Associate, Frankfurt)
Tax: Sonja Klein (Partner, Frankfurt), Ariane Schaaf (Counsel, Frankfurt)
Employment: Dr. Anna Böhm (Counsel), Agnes Herwig (Associate, Frankfurt), Dr. Felix Diehl (Associate, Frankfurt), Cornelius Ziegler (Associate, Frankfurt)
Commercial: Katharina Spenner (Partner, Munich), Brigitte Estner (Associate, Munich), Rebecca Romig (Associate, Frankfurt)
Public Law: Dr. Marc Gabriel (Partner, Berlin), Dr. Janet Butler (Counsel, Berlin), Dr. Claire Dietz-Polte (Senior Associate, Berlin), Vivien Vacha (Associate, Berlin)
About Baker McKenzie
Baker McKenzie advises clients to successfully deal with the challenges of globalization. We solve complex legal problems across national borders and legal fields. Our unique culture — grown over 70 years — enables our 13,000 employees to understand local markets while operating internationally. We use the trusting and friendly cooperation in our international network for the benefit of our clients.
In Germany, around 200 lawyers with proven professional expertise and international experience represent the interests of their clients at the offices in Berlin, Düsseldorf, Frankfurt/Main and Munich. As one of the leading German law firms, Baker McKenzie advises national and international companies and institutions in all areas of commercial law.