Apollo (NYSE: APO) and Vonovia (FRA: VNA) announced an agreement for the investment of Apollo, on behalf of its affiliated and third-party insurance clients and other long-term investors, in a portfolio of high-quality real estate assets controlled by Vonovia, a leading European residential real estate company, which is valued at €3.3 billion on a debt free and cash free basis, for €1 billion.
Latham & Watkins LLP represented Apollo in the transaction with a private equity real estate deal team led by Frankfurt partners Otto von Gruben and Carsten Loll, and New York partner and Global Co-Chair of the Real Estate Practice Michael Haas, with Frankfurt associate Dominik Waldvogel. The deal team also included New York partner Gary Boss, Hamburg partner Frank Grell, Munich partner Thomas Grützner, Frankfurt counsel Sven Nickel and Hamburg counsel Hendrik Hauke, with Munich associates Henriette Hosemann, Katharina Wolf, and Sebastian von Hornung; Hamburg associates Jana Maué, Axel Krohn, and Eike Christian Schmidt-Röh; Frankfurt associates Marie-Christine Welp and Annika Bilics; and New York associate Samuel Steinman. Advice on finance matters was provided by Frankfurt partner Torsten Volkholz, with Hamburg associate Anna-Maria Kuckerz and Munich associate Julia Bräuer; on tax matters by Hamburg partners Tobias Klass and Verena Seevers and New York partner Bora Bozkurt, with New York associate Yucai Yu and Hamburg associate Julia Wenzel; and on employment matters by Munich associate Martina Hölzer.
