Dorda has advised Petrus Advisers on the sale of approximately five million shares in Conwert to German-listed property company Adler Real Estate, which as a result increased its stake in the company to more than 25%. Adler was advised in Austria by DLA Piper and in Germany by Norton Rose Fulbright on the transaction, which was valued at approximately EUR 70 million.
Petrus Advisers is an FCA-regulated entrepreneurial investment firm headquartered in London. It manages investor capital with a view to long-term value increases and invests in European stock markets, with a particular focus on the German-speaking region.
"We were delighted to assist our client with this interesting transaction," commented Dorda Partner Andreas Mayr, who co-led the firm's team with fellow Partner Christoph Brogyanyi. They were assisted by Dorda Partners Florian Kremslehner and Heinrich Kuhnert, as well as Associate Hans-Peter Alphart.
The DLA transaction team was led by Partner Christoph Mager and included Partners Elisabeth Stichmann and Christian Temmel, Senior Legal Consultant Florian Schuhmacher, and Martina Peric, Christian Knauder, and Christoph Schimmer.
Adler Head of Legal Florian Sitta led the in-house team.