Baker McKenzie advised AURELIUS Equity Opportunities SE & Co. KGaA on the sale of its subsidiary GHOTEL hotel & living to the Cologne-based Art-Invest Real Estate Group.
The GHOTEL Group belongs to the equity investment portfolio of the AURELIUS Group since 2006. It has developed into a fast-growing, dynamic operator of business hotels with currently 17 locations and 7 further openings planned by 2023. The purchase price is EUR 63 million (enterprise value), including subsequent components. The sale of GHOTEL Group is expected to close in the first quarter of 2020.
Baker McKenzie provided comprehensive advice on all legal aspects of the sale in an auction process.
"In this exciting and intense transaction, we successfully supported our client’s exit strategy and were once again able to demonstrate our interdisciplinary transaction expertise, especially in the real estate and hotel sector," comments Dr. Heiko Gotsche, lead partner in the transaction.
AURELIUS Equity Opportunities has many years of investment and management experience in various industries and sectors. In the company acquisition process, AURELIUS Equity Opportunities concentrates on identifying, analyzing, creating and exploiting all the opportunities afforded by the market. AURELIUS Equity Opportunities employs its management capacities and the necessary financial resources to invest in product innovation, sales and research in order to develop the potential of its subsidiaries. AURELIUS operates throughout the world. The shares of AURELIUS Equity Opportunities are listed on all German stock exchanges (ISIN: DE000A0JK2A8, ticker symbol: AR4).
Art-Invest Real Estate is an experienced investor, developer and asset manager operating across key gateway cities in Germany, Austria and the United Kingdom. The group invests and manages on behalf of its proprietary capital, regulated institutional funds and select joint venture partners and actively pursues a 'manage to core' investment strategy across the risk spectrum. Sector focus is principally in the office, retail, hotel, residential and data centres.
Baker McKenzie's Corporate/M&A team regularly advises on domestic and international transactions and restructurings. Most recently, Baker McKenzie advised Bayer on the sale of its stakes in Currenta to Macquarie Infrastructure and Real Assets, METRO AG on the sale of its retail business in China, Evergrande on its JV with hofer powertrain, SPIE on the acquisition of OSMO, Toppan Printing on the acquisition of Germany based Interprint Group and Evonik on the sale of its methacrylates business to Advent International.
Legal advisor to AURELIUS Equity Opportunities SE & Co. KGaA:
Corporate/M&A: Dr. Heiko Gotsche (partner, Dusseldorf)
Corporate/M&A: Julia Braun (counsel, Munich), Dr. Katja Heuterkes (counsel, Munich), Dr. Daniel Bork (senior associate, Dusseldorf), Cosima König-Mancini (associate, Dusseldorf), 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)