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Freshfields advises CDPQ on its investment in Aareon

Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) advises Caisse de dépôt et placement du Québec (‘CDPQ’) on its agreement to acquire a minority interest in Aareon, a European provider of Software-as-a-Service (SaaS) solutions for the property industry. CDPQ has agreed to purchase Aareon in consortium with TPG Capital from sellers Aareal Bank and Advent International (‘Advent’). Advent will continue its involvement in Aareon with the investment of new equity for a minority interest in the standalone company. The financial terms of the sale are based on an enterprise value for Aareon of approximately €3.9bn. Closing is expected to take place in the second half of 2024, subject to customary closing conditions and approvals.

With its Property Management System, Aareon 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 company is headquartered in Mainz, Germany.

The Freshfields team was led by Partner Richard Thexton (Corporate, London), Senior Associate Jay Swain (Corporate, London), Partner Heiner Braun (Corporate, Frankfurt) and Principal Associate Friedrich von der Heydt (Corporate, Hamburg). The Freshfields team also included:

  • Partners: Janina Heinz (Banking Regulatory, Frankfurt), Helen Buchanan (Tax, London), Merit Olthoff (Antitrust, Berlin/Brussels)
  • Counsel: Laurent Bougard (Antitrust, Hong Kong)
  • Associates: Natalie Petersen (Corporate, London), Matthew Everett (Tax, London), Niccolò Piga (Antitrust, Brussels)