Düsseldorf – US private equity fund Alliance Holdings LLC has acquired group companies holding various real estate portfolios from First Red AG, part of the Hamburg-based Garbe Group. The PE fund's European operations are headquartered in London, where Alliance Holdings opened an office earlier in the year specifically for this purpose. The First Red Group is its first acquisition in Germany. The deal is currently awaiting approval by the shareholders' meeting of First Red AG.
A CMS team led by lead partner Dr Jürgen Frodermann and Dr Sebastian Becker, LL.M., advised Alliance Holdings on all aspects of the transaction.
Alliance Holdings LLC is a Chicago-based private equity fund specialising in the acquisition of residential and commercial properties. Since 1996 it has acquired 65,000 real estate units in the USA and worldwide. Acquisition of the commercial properties held by the First Red Group is part of Alliance Holdings' plan to build a real estate portfolio in Germany.
Advisers CMS Hasche Sigle
Dr Jürgen Frodermann, Corporate, Lead Partner
Dr Sebastian Becker, LL.M., Corporate, Lead Counsel
Ina Büchner, Corporate
Philipp Schönnenbeck, Real Estate
Thomas Gerdel, LL.M., Tax
Daniela Herget, Tax
Philipp Reer, Tax