Search
Contact
21.02.2023 | Deal Notifications

KPMG Law advises Hannoversche Volksbank on IMMAC acquisition

KPMG Law advised a banking consortium led by Hannoversche Volksbank eG on the acquisition of an 80 percent majority stake in real estate project developer IMMAC Holding AG. The closing of the transaction is subject to the fulfillment of certain closing conditions.

Hannoversche Volksbank eG is a German cooperative bank with total assets of 8.2 billion euros and a lending volume of 6.4 billion euros. Hannoversche Volksbank acquires 50 percent of IMMAC Holding AG. A further 30 percent will be acquired by the holding company GEORGE Holding GmbH, in which Hannoversche Volksbank and Volksbank in Schaumburg and Nienburg hold shares.

The IMMAC Group operates in Germany, Austria, Ireland and the United Kingdom and develops real estate projects primarily in the healthcare sector with a total portfolio of approximately two billion euros. The real estate projects are then placed in alternative investment funds (AIFs). The Group includes HKA Hanseatische Kapitalverwaltung GmbH, a BaFin-regulated investment company.

Under the leadership of M&A partner Dr. Dr. Boris Schilmar, KPMG Law provided advice on the transaction, from transaction structuring and legal due diligence to negotiation of the transaction documentation, and advised on regulatory aspects under banking supervisory law partner Dr. Andreas Wieland. In particular, during the due diligence and tax SPA consultations, KPMG Law’s legal team worked closely with KPMG AG Wirtschaftsprüfungsgesellschaft’s Deal Advisory and International Transaction Tax experts, who provided tax and business advice.

Consultant Hannoversche Volksbank eG

KPMG Law Rechtsanwaltsgesellschaft mbH:
Dr. Dr. Boris Schilmar
(Partner, Corporate/M&A, Head of International Business, Düsseldorf; Lead Partner), Sebastian Stöhr (Senior Manager, Corporate/M&A),
Dr. Anna Melikov
(Manager, Corporate/M&A, Düsseldorf), Franz-Jakob Schipp (Senior Associate, Corporate/M&A, Düsseldorf), Arijan Shaboviq (Associate, Corporate/M&A, Düsseldorf),
Dr. Andreas Wieland
(Partner, Regulatory Law, Frankfurt/Main),
Dr. Christopher Peinemann
(Regulatory Law, Senior Manager, Frankfurt/Main),
Felix Brandes
(Senior Manager, Supervisory Law, Hanover), Christoph Meyer (Financing, Senior Manager, Frankfurt/Main), André Kock (Manager, Supervisory Law, Frankfurt/Main),
Jonas Sturies
(Senior Associate, Regulatory Law, Frankfurt/Main),
Dr. Martin Trayer
(Partner, Labor Law, Frankfurt/Main),
Hanna Michalak
(Manager, Labor Law, Frankfurt/Main),
Dr. Rainer Algermissen
(Real Estate Law, Hamburg), Petra Swai (Real Estate Law, Hamburg), Michael Neher (Real Estate Law, Munich), Christina Laux (Senior Associate, Real Estate Law, Frankfurt/Main),
Dr. Gerrit Rixen
(Partner, Antitrust Law, Cologne),
Jaqueline Unkelbach
(Manager, Antitrust Law, Cologne), Tim Haller (Associate, Antitrust Law, Cologne).

KPMG AG Wirtschaftsprüfungsgesellschaft, Deal Advisory: Thomas Gross (Partner, FS Deal Advisory, Frankfurt/Main), Guido Rosenast (Senior Manager, FS Deal Advisory, Zurich), Maria Strotkötter (Manager, FS Deal Advisory, Frankfurt/Main), David Bock (Senior Associate, FS Deal Advisory, Munich)

KPMG AG Wirtschaftsprüfungsgesellschaft, Tax:
Marcus Aberl
(Director, International Transaction Tax, Munich), Thomas Blatnik (Senior Manager, International Transaction Tax, Munich), Janine Grünthaler (Assistant Manager, International Transaction Tax, Munich)

 

Explore #more

17.05.2024 | KPMG Law Insights

Podcast series “KPMG Law on air”: When the family business is to be sold

Around 38,000 family businesses are currently handed over each year. In most cases, the change of ownership takes place within the family. But more and…

03.05.2024 | KPMG Law Insights

Doubts about inability to work? What employers can do

The certificate of incapacity for work (AU certificate) serves as proof of incapacity for work due to illness. However, only if the certificate meets certain…

29.04.2024 | KPMG Law Insights

Agreement on ecodesign regulation: products to become more sustainable

After lengthy negotiations, the Council and Parliament of the European Union reached a provisional agreement on the Ecodesign Regulation on the night of December 5,…

27.03.2024 | KPMG Law Insights

EU Buildings Directive: life cycle greenhouse potential becomes relevant

On March 12, 2024, the EU Parliament approved the amendment to the EU Buildings Directive. The directive obliges member states and, indirectly, building owners and…

19.03.2024 | Business Performance & Resilience, KPMG Law Insights

CSDDD: Provisional agreement on the EU Supply Chain Directive

The EU member states agreed on the CSDDD, the EU Supply Chain Directive, on March 15, 2024. Germany abstained from the vote. Negotiators from the…

19.03.2024 | KPMG Law Insights

The AI Act is coming: EU wants to get a grip on AI risks

For many people, artificial intelligence (AI) is the great hope for business, healthcare and science. But there are also plenty of critics who fear the…

21.02.2024 | KPMG Law Insights, KPMG Law Insights

The Digital Services Act – what does it mean for companies?

The Digital Services Act (DSA) is a key component of the EU’s digital strategy and came into force on November 16, 2022. As a regulation,…

15.02.2024 | KPMG Law Insights

Data compliance management: How to implement it in practice

Part 3 of the article series “Professional tips for data compliance management”   The third part of this series of articles deals with data compliance

14.02.2024 | Business Performance & Resilience, PR Publications

Guest article in ZURe: Monitoring the implementation of the LkSG

The current issue of ZURe (p. 20 ff.) contains a guest article by KPMG Law Partner Thomas Uhlig (Head of General Business and Commercial Law),…

09.02.2024 | KPMG Law Insights

Podcast series “KPMG Law on air”: The employment law function

In almost all German companies, the employment law function is located in the HR department and not in the legal department. One of the reasons…

© 2024 KPMG Law Rechtsanwaltsgesellschaft mbH, associated with KPMG AG Wirtschaftsprüfungsgesellschaft, a public limited company under German law and a member of the global KPMG organisation of independent member firms affiliated with KPMG International Limited, a Private English Company Limited by Guarantee. All rights reserved. For more details on the structure of KPMG’s global organisation, please visit https://home.kpmg/governance.

 KPMG International does not provide services to clients. No member firm is authorised to bind or contract KPMG International or any other member firm to any third party, just as KPMG International is not authorised to bind or contract any other member firm.

Scroll