Konstantin Technau

Recent M&A transactions:

From 2020 to 2023, Dr. Technau has advised:

• 468 SPAC I on its business combination agreement with Boxine GmbH, valuing the combined company tonies SE at a pro forma equity value of €990 million
• 468 SPAC II on its business combination agreement with Marley Spoon as well as a series of share purchase agreements with certain (current and future) shareholders of Marley Spoon
• Adecco Group in its acquisition of the Ricci family’s and Compagnie Nationale à Portefeuille SA’s controlling stakes of AKKA Technologies SE at €49 per share, for a transaction consideration of €2.0 billion in enterprise value
• Bayer on Elanco Animal Health’s $7.6 billion acquisition of Bayer’s Animal Health business

• CTP on its pending combined voluntary public takeover and delisting offer to all shareholders of Deutsche Industrie REIT-AG (DIR), valuing the equity of DIR at approx. €800 million, corresponding to an enterprise value of approx. €1.3 billion
• Delivery Hero in (i) its $4.0 billion agreement to acquire Woowa Brothers Corp. and (ii) on its €930 million sale of its German food delivery businesses to Takeaway.com
• Deutsche Wohnen in its business combination with competitor Vonovia, with a combined market cap of both companies of €45 billion
• GFJ ESG Acquisition I in its business combination with Learnd
• GoStudent on its acquisition of Studienkreis from IK Partners
• J.P. Morgan as financial adviser to METRO AG in its agreement to divest METRO India to Reliance Retail Ventures Limited
• J.P. Morgan as exclusive financial adviser to adidas in its definitive agreement to sell Reebok to Authentic Brands Group for a total consideration of up to €1.2 billion
• Lakestar SPAC I in its €1.2 billion (equity value) merger with HomeToGo, the first German De-SPAC deal of its kind
• LEG Immobilien in connection with its acquisition of around 15,400 apartments from Adler Group for a purchase price of €1.3 billion and the purchase of a 35% stake in Brack Capital Properties for approx. €400 million
• Lone Star Funds in a real estate deal between Deutsche Wohnen and ISARIA
• Northern Data in the sale of its U.S. subsidiary Whinstone Inc. to Riot Blockchain Inc. for an implied total transaction value of approx. $651 million
• OHB and the Fuchs family in connection with OHB’s investment agreement with KKR
• Porsche Automobil Holding (Porsche SE) on the €10.1 billion acquisition of 25% of the ordinary voting shares of Porsche AG from Volkswagen AG (concurrent with the Porsche IPO)
• SLM Solutions Group in connection with the €622 million voluntary public takeover offer for the acquisition of all outstanding shares of SLM by Nikon AM. AG, a direct subsidiary of Nikon Corporation, as well as the investment agreement entered into with Nikon Corporation related thereto

Further key M&A transactions:

Over the past decade, Dr. Technau has represented clients on many noteworthy public and private M&A transactions, including:

• Axioma in its acquisition by Deutsche Börse AG for $850 million cash and debt free
• Bank of America Merrill Lynch and Goldman Sachs as financial advisers to METRO AG on its rejection of EPGC’s €5.8 billion public takeover offer
• Bayer on its $66 billion acquisition of Monsanto
• CyrusOne on its $475 million acquisition of Zenium Data Centers
• Deutsche Wohnen on (i) its successful defense against Vonovia’s unsolicited, hostile, €13 billion takeover bid, (ii) its tender offer for LEG Immobilien, (iiI) its attempted tender offer for conwert Immobilien, (iv) its €3.6 billion tender offer for GSW Immobilien and (v) its €1.2 billion acquisition of companies in the BauBeCon Group
• Drillisch AG in its $8 billion business combination with United Internet
• Fiat Chrysler Automobiles in the €6.2 billion sale of Magneti Marelli
• Fiserv in the $22 billion acquisition of First Data
• Hospira on its the sale of a German subsidiary
• IHO Holding on its acquisition of ATESTEO Group from 3i Group
• Lone Star in connection with its tender offer for ISARIA Wohnbau
• Oaktree on the sale of its 61% in Deutsche Office to Alstria
• OFFICEFIRST Immobilien on its €3 billion sale to Blackstone Real Estate Partners Europe
• Rhône Capital and Triton on the acquisition and attempted sale of Orion Engineered Carbons
• Rhône Capital on the sale of CSM Bakery’s fats business and on the acquisition of a chemicals business from Evonik
• the takeover of Sky Deutschland by BSkyB for $7 billion
• Spirit AeroSystems in its (later abandoned) acquisition of S.R.I.F., the parent company of Asco Industries
• TLG IMMOBILIEN in its €1.5 billion acquisition of a 15.0% stake in Aroundtown and the subsequent business combination

Capital Markets and Financing transactions:

Over the past 10 years alone, Dr. Technau has led work on countless high-profile Capital Markets and Financing transactions, including:

• 468 SPAC I on its €300 million private placement and listing on the Frankfurt Stock Exchange
• 468 SPAC II on its €210 million private placement and listing on the Frankfurt Stock Exchange
• Bayer on a €3 billion share placement to Temasek
• Delivery Hero on its ABO and convertible bond offering with an aggregate value of €2.3 billion
• GFJ ESG Acquisition I on its €150 million private placement and listing on the Frankfurt Stock Exchange
• Instone on its €428 million IPO-dual track transaction
• The IPOs/listings of OFFICEFIRST Immobilien and Orion Engineered Carbons
• IVG Immobilien on a capital increase with gross proceeds of €145 million
• Lakestar SPAC I on its €275 million private placement and listing on the Frankfurt Stock Exchange
• MediaMarktSaturn on its €1.7 billion state aid financing to address Covid-19 related liquidity needs
• OboTech Acquisition (SPAC) on its €200 million private placement and listing on the Frankfurt Stock Exchange
• Orion Engineered Carbons on the $425 million offering of PIK High Yield notes
• Rocket Internet on its delisting by way of a public self-tender delisting offer