Pandox - PERE / M&A

November 25, 2016

Clément Konrad & Partners advised Pandox on the acquisition of a portfolio of 4 hotels in Germany, two in Austria and one in the Netherlands, with a total of 1,744 hotels held by the Luxembourg holding company.

The brands sold by Invesco are NH, Radisson Blu and Park Hotel.

This acquisition, which will be funded by a new bank loan and existing credit facilities, is expected to be completed by the end of 2016.

Following the acquisition, Pandox, a Stockholm-listed company, one of Europe's leading hotel real estate companies, has more than 110 hotels with more than 24,000 hotel rooms.

Christophe Clément (Partner), Theodore J. Fisher (Of Counsel) and Réda Faïd (Associate) worked alongside Jones Day Dusseldorf, Vavrovsky Heine Marth and KPMG Dusseldorf for Pandox on due diligence, structuring and refinancing.

Advisor to Pandox:

Jones Day (Dusseldorf): Dr. med. Ulrich Brauer (Lead Counsel, M & A), Claudia Leyendecker (Banking and Finance), Johannes Zöttl (Competition Law), Christian Trenkel (Real Estate), Dr. Ing. Johannes Willheim (Austrian Law), Markus Hamann (Public Construction Law, both in Frankfurt), Dr. Ing. Zhaoxia Chen (M & A), Mathias Rabe (Banking and Finance), Anna Zwalve (Bank and Finance, Amsterdam), Associates: Ph.D. Stella Greisbach (Dusseldorf), Dr. med. Verena Alof (Real Estate), Annegret Andrée (Public Construction Law, both in Frankfurt), Bastiaan Kout, Reinout Bautz, David Weinstein (all M & A); Flip van der Drift (Banking and Finance).

Vavrovsky Heine Marth (Vienna): Christian Marth, associate: Lisa Haslinger (both M & A).

KPMG (Dusseldorf): Oliver Dörfler (tax).

Clément Konrad & Partners (Luxembourg): Christophe Clément, Theodor J. Fisher, Réda Faïd.

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