Consus Real Estate AG (DB:CC1) agreed to acquire 93.4% stake in SSN GROUP AG from Michael Tockweiler and Theo Gorens for approximately €260 million on November 7, 2018. The purchase consideration will be paid in cash which consists of €208 million for the 93.4% stake and €47 million for SNS Group loans acquired. In a related transaction, Consus Real Estate will acquire an additional 38.9% stake in SG Development GmbH, a subsidiary of SSN GROUP and 43% stake in SSN development project in Berlin from Aggregate Deutschland S.A. for €215 million in equity. The cash component of the purchase price will be financed by cash on balance and a €250 million acquisition facility from J.P. Morgan subject to customary drawdown conditions. Post the transaction, SSN founders Michael Tockweiler and Theo Gorens will join the extended management board of Consus. The closing of the transaction is expected to occur within the fourth quarter of 2018. JPMorgan Chase & Co. (NYSE:JPM) acted as financial advisor for Consus. Sven Schubert, Felix Brammer, Dirk Brockmeier and Thomas Sievers of Corvel LLP; and, Gernot Wagner, Thilo Diehl, Bodo Bender, Rebecca Emory, Vanessa Schürmann, Sébastien Seele, Alexander Kiefner, Lutz Krämer, Hendrik Röhricht, Peter Becker, Daniel Hobbs, Sebastian Brenner, Stefan Jobst, Jakob Staudt and Alexander Hansen Díaz of White & Case acted as legal advisors to Concus. Alexander Fischer, Pascal Richard, Christian Rioult, Markus Wolf and Philip Spoerlé of Baker & McKenzie (Zurich) acted as legal advisors to SSN GROUP. PricewaterhouseCoopers AG Wirtschaftsprüfungsgesellschaft acted as accountant to SSN GROUP. Arlette Pfister of Thouvenin Rechtsanwälte and Anne Huttenlauch of Blomstein acted as legal advisors to Consus. Kristian Heiser and Cornelius Karcher of Renzenbrink Raschke von Knobelsdorff Heiser acted as legal advisor to Aggregate Deutschland. Alexandra Hagelüken, Latham & Watkins (Frankfurt): Alexandra Hagelüken, Sibylle Münch (both financing), Rüdiger Malaun, and Sibylle Münch of Latham & Watkins acted as advisor to J.P. Morgan. Steffen Meining of Baker Tilly Rechtsanwaltsgesellschaft mbH acted as tax advisor to Consus Real Estate AG. Consus Real Estate AG (DB:CC1) completed the acquisition of 93.4% stake in SSN GROUP AG from Michael Tockweiler and Theo Gorens on December 10, 2018.