Milbank Advises Financing Sources on TPG’s €3.9B Acquisition of Aareon AG from Aareal Bank and Advent International

Milbank LLP is advising the private credit financing sources in connection with TPG’s acquisition of Aareon AG for approximately €3.9 billion from Aareal Bank and Advent International. The transaction will establish Aareon as an independent company majority owned by TPG with CDPQ as minority co-investor. The transaction and partnership with TPG will provide Aareon access to additional, dedicated resources and expertise to drive innovation and further growth.

Aareon, based in Mainz, Germany, promotes efficient and sustainable property management and maintenance. The company’s portfolio enables seamless, automated end-to-end processes connecting property managers and owners across the residential and commercial real estate sectors. 

The Milbank team is led by European Leveraged Finance/Capital Markets partners Suhrud Mehta, Alexandra Grant and associates Pranahita Srinivas, James Aurelius, Henry Madell and trainee Beth Constance. The team also included Tax partners Thomas Kleinheisterkamp and Alan Rafferty, special counsel Andrew Callaghan and associates Jade Du Berry and Elisabeth Wöhrle, Corporate partner Andrew Nuthall, special counsel Sebastian Dexheimer and associate Jamie Duncan.