Weil advises Advent International on the acquisition of a stake in Aareon
London/ Frankfurt/ Munich — Financial investor Advent International acquires a 30% stake in Aareon AG. According to Aareal Bank AG, the purchase price for the investment amounts to EUR 260 million. As part of the transaction, the company was paid approx. EUR 960 million. The closing of the transaction is subject to customary conditions, with closing expected in Q4 2020. The London and German offices of the international law firm Weil, Gotshal & Manges LLP advised the financial investor Advent International on the acquisition of a 30% stake in Aareon AG
Mainz-based Aareon AG is a leading European provider of software solutions for the property sector and a subsidiary of Aareal Bank AG, a leading international provider of financing solutions and services, particularly in the property sector.
Advisor Advent: Weil, Gotshal & Manges LLP
The combined London/German Weil team was led on this transaction by Corporate Partners Jonathan Wood (London) and Dr. Ansgar Wimber, photo (Frankfurt) and was supported by Counsel Max Oppenheimer and Ellie Fialho (both Corporate, London), Manuel-Peter Fringer (Corporate, Munich), Benjamin Rapp (Tax, Munich) and Svenja Wachtel (Litigation, Munich) as well as Associates Sebastian Brenner, Kai Neumann (both Corporate, Frankfurt), Florian Wessel, Andreas Fogel, Sandra Kühn, Cornelia Tu (all Corporate, Munich), Dr. Barbara Sandfuchs (IP/IT Law, Munich), Markus Cejka (Finance, Frankfurt), Mareike Pfeiffer and Lilianna Ranody (both Labor Law, Frankfurt).
About Weil, Gotshal & Manges LLP
Weil, Gotshal & Manges is an international law firm with more than 1,100 lawyers, including approximately 300 partners. Weil is headquartered in New York and has offices in Boston, Dallas, Frankfurt, Hong Kong, Houston, London, Miami, Munich, Paris, Beijing, Princeton, Shanghai, Silicon Valley and Washington, D.C.