March 26, 2020

Milbank Advises pantera AG Shareholders on Sale of Majority Stake to Nexity and pantera Group on Strategic Cooperation with Nexity

Share

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. The parties have agreed not to disclose the purchase price. The strategic partnership between the two companies provides pantera AG with resources for nationwide expansion and enables Nexity, as an integrated provider of real estate development and services, to build its market entry in Germany on an existing and market-leading project pipeline.

The pantera group is one of the leading project developers for serviced apartments in Germany. This includes offers for students, for business travelers and for people older than 65 years in the new living standard "Serviced Living". The portfolio currently comprises more than 2,500 units in 15 locations across Germany. The project volume is around €600 million. The brand architecture also includes projects in the areas of listed properties, refurbishments and high-quality new residential construction.

Nexity is a leading real estate company in France with a wide range of products and services related to real estate development and services.

The Milbank team led by Michael Bernhardt and Matthias Schell comprehensively advised the shareholders on the corporate and tax law aspects of the transaction.

Advisor to the Shareholders of pantera AG: Milbank LLP

Michael Bernhardt (lead, 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).