Adler Group divests majority stake in German real estate portfolio
Deal News | Jan 07, 2025 | White & Case
Global law firm White & Case LLP advised Adler Group S.A on the sale of a 89.9 percent stake in its Cosmopolitan Portfolio, a significant real estate portfolio in North Rhine-Westphalia, Germany. The portfolio, consisting of 6,788 rental units across key cities such as Duisburg, Düsseldorf, Essen, Oberhausen, and Dortmund, was valued at €422.5 million for 100 percent of the gross asset value. The transaction involved selling these shares to Orange Capital Partners and One Investment Management Ltd. The legal advisory team was led primarily by partners from the Frankfurt and Hamburg offices, underlining the prominent role of White & Case in facilitating such substantial M&A transactions in the real estate sector.
Sectors
- Real Estate
- Legal Services
Geography
- Germany – The real estate portfolio involved in the transaction is located in North Rhine-Westphalia, Germany, including cities such as Duisburg, Düsseldorf, Essen, Oberhausen, and Dortmund.
Industry
- Real Estate – The article focuses on the transaction involving a real estate portfolio consisting of rental units across several cities in Germany.
- Legal Services – White & Case, a global law firm, provided legal advisory services in the transaction.
Financials
- €422.5 million – The total gross asset value of 100 percent of the real estate portfolio being sold.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Adler Group S.A. | Target Company | Company | The owner of the Cosmopolitan Portfolio, which is divesting a majority stake. |
| Orange Capital Partners | Bidding Company | Company | One of the buyers purchasing a majority stake in the Cosmopolitan Portfolio. |
| One Investment Management Ltd. | Bidding Company | Company | Another buyer involved in acquiring the majority stake in the portfolio. |
| White & Case LLP | Legal Advisor | Company | The law firm advising Adler Group on the sale transaction. |