LEG Immobilien, one of the leading German residential real estate companies listed on the Frankfurt Stock Exchange, acquired an additional 52.68 percent stake in Brack Capital Properties (BCP), a Dutch company with a German real estate portfolio listed on the Tel Aviv Stock Exchange.
The acquisition increases LEG’s total stake in BCP to 88.2 percent from its initial minority stake acquisitions in 2021 and 2022, in which S&C also represented LEG. In November 2024, LEG had entered into a share purchase, tender commitment and put option agreement with the German real estate company Adler Real Estate, which has committed to tender its remaining 10.1 percent of the shares in BCP in the event of a public offer by LEG.
The S&C team advising LEG on all M&A, finance and antitrust aspects of the transaction was led by Carsten Berrar, Konstantin Technau, and Silke Jurczyga and included Michael Rosenthal, Max Birke, Michael Kern, Lars Rueve, Johannes Hieronymi, Kolja Ortmann, Shajan Kreuter, Sebastian Kerdar, Gustavo Minati, Johanna Schöbener and Jan Lukas Werner.