Nexity’s 65% Acquisition of Pantera AG

Milbank LLP advised the shareholders of pantera AG in an auction process on the sale of 65 percent of the shares in pantera AG in a share deal and further advised the pantera Group in connection with the strategic cooperation between Nexity and pantera. Flick Gocke Schaumburg advised Nexity.

Pantera AG in Cologne and Nexity, Europe’s largest developer of residential real estate listed at the French stock exchange, have decided to enter into a strategic partnership, which will provide pantera AG with the resources for its expansion in Germanyand enable Nexity –as an integrated provider of real estate development and services –to build its German market entry on an existingand market-leading project pipeline.

Nexity acquired 65% of pantera AG’s share capital, Michael Ries founder and CEO of pantera AG retained35%.

Nexity offers the widest range of advice and expertise, products, services and solutions for individuals, companies and local authorities, so as to best meet the needs of our clients and respond to their concerns.

Pantera AG, headquartered in Cologne, develops and markets real estate. Beyond properties for private investors and self-users, pantera AG also offers development projects conceived specifically for institutional investors such as investment funds, pension funds or insurances.

The Milbank team included Michael Bernhardt (Picture, Corporate/M&A, Frankfurt); Matthias Schell; Moritz Philipp (both Tax, Munich); Dominik Waldvogel; Sarah-Maria Resch; Andreas Rief; Sebastian Dexheimer (all Corporate/M&A, Frankfurt); Sebastian Reiner-Pechtl (Corporate/M&A, Munich).

The Flick Gocke Schaumburg team included Michael R. Wiesbrock (lead; real estate/M&A), Dirk R. Reidenbach (stock corporation law/corporate), Torsten Engers (lead tax), Susanne Hemme (tax structuring/M&A), Christian Jehke (tax; Berlin), Barbara Fleckenstein-Weiland, Jörg Kurzenberger (both VAT; Frankfurt, Stuttgart); Associates: Bettina Wirth-Duncan (corporate/M&A), Leonie Haßler (real estate/M&A; Munich), Katharina Odermatt (real estate/M&A), Raffaela Raulf (corporate/M&A), Delia Palenker (tax; Berlin)

Involved fees earner: Torsten Engers – Flick Gocke Schaumburg; Barbara Fleckenstein-Weiland – Flick Gocke Schaumburg; Leonie Haßler – Flick Gocke Schaumburg; Susanne Hemme – Flick Gocke Schaumburg; Christian Jehk – Flick Gocke Schaumburg; Jörg Kurzenberger – Flick Gocke Schaumburg; Katharina Odermatt – Flick Gocke Schaumburg; Delia Palenker – Flick Gocke Schaumburg; Dirk Reidenbach – Flick Gocke Schaumburg; Michael Wiesbrock – Flick Gocke Schaumburg; Bettina Wirth-Duncan – Flick Gocke Schaumburg; Michael Bernhardt – Milbank LLP; Sebastian Dexheimer – Milbank LLP; Moritz Philipp – Milbank LLP; Sebastian Reiner-Pechtl – Milbank LLP; Sarah-Maria Resch – Milbank LLP; Andreas Rief – Milbank LLP; Matthias Schell – Milbank LLP; Dominik Waldvogel – Milbank LLP;

Law Firms: Flick Gocke Schaumburg; Milbank LLP;

Clients: Nexity; Pantera AG;