Latham & Watkins Advises Apollo on €1 Billion Capital Solution to Vonovia

Latham & Watkins LLP has advised global alternative asset manager Apollo on its most recent transaction with Vonovia. Apollo has entered into an agreement for Apollo affiliates and other long-term investors to provide approximately €1 billion to acquire a minority stake in one of Vonovia’s affiliates. This commitment follows two previous €1 billion transactions between Vonovia and Apollo in 2023, related to Vonovia’s real estate portfolios in Southwest Germany and Northern Germany. The latest agreement brings Apollo affiliates and funds total arranged commitments to Vonovia entities to €3 billion.

Latham & Watkins previously represented Apollo on the two prior investments in the Vonovia portfolio.

The Latham team was led by Frankfurt private equity real estate partner Otto von Gruben and associate Dominik Waldvogel, with Hamburg partner Dirk Kocher, Munich partner Carsten Loll, New York partners Michael Haas and Gary Boss, and associates Lara Stelmach, Sebastian von Hornung, Katharina Wolf, Ivo Veit Wanwitz, Lena Hummel, and Marie-Christine Welp. Advice was also provided on tax matters by Hamburg partners Tobias Klass and Verena Seevers, with New York partner Bora Bozkurt, and associates Yucai Yu and Julia Wenzel; on finance matters by Frankfurt partner Torsten Volkholz, with associates Julia Bräuer and Verena Birke; on employment matters by Munich partner Tobias Leder with associate Martina Hölzer; on merger control matters by Frankfurt partner Max Hauser, with associates Helena Hofmann and Simón Maturana; on regulatory matters by Frankfurt counsel Joachim Grittmann; and on litigation matters by Hamburg counsel Stefan Bartz.