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Global Finance Deal of the Year (Restructuring) - American Lawyer Global Legal Awards

​A&O advised on EUR1.5 billion refinancing of a major German real estate company which acquires and manages office real estate in Germany and other European countries.

IVG Immobilien AG (2014)

A&O advised Deutsche Bank AG, London Branch, in connection with the EUR1.5 billion refinancing of the IVG Group. The restructuring was effected by way of a loan in an amount of EUR680 million to a closed sub-group of IVG that was secured by German properties, while a loan in an amount of EUR805 million was disbursed to the holding company and individual subsidiaries and secured by properties in Germany, Belgium and Finland.

The financing by Deutsche Bank was a material part of the requirements of the IVG insolvency plan. For this transaction Deutsche Bank was named Pan-European Lender of the Year at the Real Estate Capital Awards 2015.

“A German landmark transaction”

Partner Peter Hoegen (Frankfurt Restructuring) commented: “The successful restructuring of IVG Group is considered a landmark transaction in Germany.

The A&O Team

The restructuring involved teams across the FrankfurtLondonDüsseldorf and Munich offices.

The Allen & Overy Team was led by partners Peter Hoegen (banking and finance/restructuring/real estate financing, Frankfurt) and Mark Manson-Bahr (banking and finance/real estate financing, London).

The team comprised partners Dr Asmus Mihm (tax, Frankfurt), Dr Astrid Krüger (both corporate, Düsseldorf/Munich), counsels Dr Mark Hallett (banking and finance, Frankfurt) and Dr Christian Hilmes (real estate, Hamburg), senior associate Elke Funken-Hötzel, associates Isabel Tinsley (banking and finance/real estate financing, London/Frankfurt), senior associate Dr Dorothea Tachezy and associate Dr Gregor Janisch (both corporate, both Munich) as well as associate Peter Seidel (tax, Frankfurt).

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