PATRIZIA Immobilien AG completed the acquisition of 88% stake Triuva from IVG Immobilien AG.
January 31, 2017
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PATRIZIA Immobilien AG (XTRA:P1Z) agreed to acquire 88% stake in Triuva from IVG Immobilien AG on November 12, 2017. The acquisition will be financed by existing liquidity. Part of the takeovers will be paid for with own shares. The transaction has been approved by regulatory authorities and other purchase conditions had been met.
Jürgen Bauderer and Christian Mundel of Ernst & Young acted as financial advisor and Jan Kiesen and Torsten Lauterborn of Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft acted as accountants to IVG Immobilien AG. Houlihan Lokey, Inc. (NYSE:HLI) acted as financial advisor for Patrizia Immobilien AG. Jürgen Frodermann, Sebastian Becker, Christoph von Eiff, Christopher Freiherr von Lilien-Waldau, Roman Sprenger, Reimund Marc von der Höh, Arthur Baron, Nela Vasova, Thomas Gerdel, Marcus Fischer, Martin Friedberg, Daniel Kamke, Maximilian Hacker, Julia Hellberg, Thomas Glaesmann, Amelie Schäfer, David Kruchen, Judith Cremer, Fritz von Hammerstein, Christiane Kappes, Sebastian Belz, Daniel Voigt, Axel Dippmann, Sebastian Schwack, Florian Leclerc, Andrea München, Tillmann Kempf, Julius Hirtz, Sebastian Orthmann, Philipp Schönnenbeck, Florian Seelheim, Dock Neuhaus, Kai Neuhaus of CMS GmBH Steuerberatungsgesellschaft and Thomas Dennisen and Stephan Franzen of WTS Seseke France S.E.L.A.R.L. acted as legal advisors to IVG Immobilien AG. Wessel Heukamp, Olga Gurman, Elizabeth Reiner-Oberholzer, Bettina Stepanek, Maximilian Liegl, Thomas Emde, David Jansen, Christian Ruoff, Ayk Tobias Meretzki, Wolf Friedrich Spieth, Friedrich Gebert, René Döring, Philipp Knoll, Frank Röhling, Christoph Hinrichsen of Freshfields Bruckhaus Deringer (Germany) acted as legal advisors to PATRIZIA Immobilien AG. Wilhelm Droste and Henryk Haibt of the Düsseldorf notary office provided notary services.
PATRIZIA Immobilien AG (XTRA:P1Z) completed the acquisition of 88% stake Triuva from IVG Immobilien AG on January 1, 2018.
Patrizia SE, formerly Patrizia AG, is a Germany-based company that operates as an investment manager in the real estate market. The Companyâs business activities include the acquisition, management, repositioning, and disposal of residential and commercial real estate, real assets funds, bespoke account solutions, and Global Partner Solutions, through its own licensed investment platforms. It provides institutional, semi-professional, and private investors with direct and indirect real estate investments across European countries for 39 years. It also manages real estate assets, primarily as a portfolio manager and selectively as a co-investor for insurance companies, pension fund institutions, sovereign funds, savings, and cooperative banks, and operates in 28 locations. It also manages special funds for national and international real estate Investors. The key clients are institution firms, pension funds, insurance firms, and savings banks in Europe, Asia, and the United states.