KPMG Law advised Swiss hotel owner & operator somnOO SA and French private equity funds RIVE, Extendam and 123IM on the acquisition of a hotel portfolio in North Rhine-Westphalia. The transaction was preceded by the constitution and funding of a complex acquisition structure.
With this transaction, somnOO, together with the French private equity consortium, has succeeded in entering the German hotel market, which the group sees as a prelude to further acquisitions outside its previous main investment country, France.
The deal was comprehensively legally structured and advised by KPMG Law, successfully combining the recognized expertise of partner Boris Schilmar and senior manager Maximiliane Prüm in cross-border M&A and the private equity segment with KPMG Law’s strong real estate practice led by Rainer Algermissen and Petra Swai. The firm also provided antitrust, employment and financing law advice. The decisive factor for the success was ultimately also the well-coordinated multidisciplinary advisory approach of the Big Four firm, which cooperates closely with KPMG colleagues from the Tax and Transaction Services divisions. In this way, legal, tax and financial due diligence could also be coordinated and offered from a single source for this transaction.
Lars Backhaus, Co-CEO of somnOO, and Nils Backhaus, Managing Director of the acquisition company, commented on the transaction as follows: “Crucial to the success of this deal was also the always prudent and solution-oriented advice we received from the KPMG Law team. We are particularly grateful for the highly professional project management of Boris Schilmar and Maximiliane Prüm.”
Consultants somnOO, RIVE, Extendam and 123IM:
Dr. Dr. Boris Schilmar (Partner, Corporate/M&A, Head of International Business, Düsseldorf), Dr. Rainer Algermissen (Partner, Real Estate Law, Hamburg), Gerrit Rixen (Partner, Antitrust Law, Cologne), Miriam Bouazza (Partner, Finance Law, Frankfurt am Main), Dr. Martin Trayer (Partner, Labor Law, Frankfurt am Main), Stefan Kimmel (Partner, Corporate/M&A, Head of France Country Practice, Berlin), Maximiliane Prüm (Senior Manager, Corporate/M&A, Düsseldorf), Petra Swai (Senior Manager, Real Estate Law, Hamburg), Dr. Hannes Schwinn (Senior Manager, Antitrust Law, Stuttgart), Julia Jakobs (Senior Manager, Labor Law, Frankfurt am Main/Cologne), Maria Rockstroh (Senior Manager, Corporate/M&A, Berlin), Sebastian Wolff (Manager, Financing Law, Frankfurt am Main), Sebastian Stöhr (Manager, Corporate/M&A, Düsseldorf), Moritz Graf Stenbock-Fermor (Senior Associate, Corporate/M&A, Düsseldorf), Tamara Granzow (Associate, Corporate/M&A, France Country Practice, Berlin).
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