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Clifford Chance advises GE on the sale of the majority part of its German real estate assets and real estate secured loans to Kildare Partners

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14 September 2015

Clifford Chance advises GE on the sale of the majority part of its German real estate assets and real estate secured loans to Kildare Partners

An integrated team from almost all practice areas of international law firm Clifford Chance advised GE Capital on the sale of the majority part of its German real estate assets and real estate secured loans to Kildare Partners, a British private equity company.

This sale is in line with General Electric’s strategy to reduce the size of GE Capital, its financial unit, to focus on its industrial operations.

GE Capital Real Estate sold the bulk of its worldwide real estate portfolio to funds managed by Blackstone and its real estate loan portfolio to the financing company Wells Fargo earlier this year. With this additional sale of the German real estate portfolio GE Capital has now divested the majority of its Real Estate division in less than half a year.

The Clifford Chance team was led by partner Dr. Thomas Krecek (Corporate) and included partners Dr. Arne Klüwer and Dr. Beda Wortmann (both Banking & Capital Markets), senior associate Stefan Bruder, associate Moritz Petersen (both Corporate), associate Dorian Legel (Banking & Capital Markets), partner Dr. Stefan Sax, senior associate Dr. Benjamin Werthmann, associate Florian Holder (all Restructuring), partner Thorsten Sauerhering, senior associate Dr. Dominik Engl (both Tax), partner Dr. Stefan Simon, counsel Dr. Ines Keitel (both Employment Law), partner Frank Scholderer (Corporate) as well as partner Dr. Christian Keilich and counsel Dr. Fabian Böhm (both Real Estate) – all Frankfurt.

From Clifford Chance's London office, partner Jane Cheong Tung Sing and associate Nick Hobbs (both Finance) worked on the transaction.

Clifford Chance berät GE beim Verkauf von Immobilien und immobilienbesicherten Darlehen an Kildare Partners

Die internationale Anwaltssozietät Clifford Chance hat GE Capital mit einem integrierten Team aus fast allen Rechtsbereichen der Kanzlei beim Verkauf des ganz überwiegenden Teils der deutschen Immobilien und immobilienbesicherten Darlehen an Kildare Partners, eine britische Private Equity-Gesellschaft, beraten.

Die Transaktion ist Teil der seitens General Electric verkündeten Konsolidierung von GE Capital, der Finanzsparte des Konzerns, um sich auf das industrielle Kerngeschäft zu konzentrieren.

GE Capital Real Estate hatte bereits im Frühjahr einen großen Teil des weltweiten Immobilienportfolios an Fonds der Investmentgesellschaft Blackstone und der immobilienbesicherten Darlehen an die Finanzierungsgesellschaft Wells Fargo veräußert. Mit dem Verkauf des deutschen Immobilienportfolios hat GE Capital Real Estate damit nahezu die gesamte Immobiliensparte innerhalb knapp eines halben Jahres veräußert.

Das Beratungsteam von Clifford Chance bestand aus den Partnern Dr. Thomas Krecek (Corporate, Federführung), Dr. Arne Klüwer und Dr. Beda Wortmann (beide Banking & Capital Markets), Senior Associate Stefan Bruder, Associate Moritz Petersen (beide Corporate), Associate Dorian Legel (Banking & Capital Markets), Partner Dr. Stefan Sax, Senior Associate Dr. Benjamin Werthmann, Associate Florian Holder (alle Restrukturierung), Partner Thorsten Sauerhering, Senior Associate Dr. Dominik Engl (beide Tax), Partner Dr. Stefan Simon, Counsel Dr. Ines Keitel (beide Arbeitsrecht), Partner Dr. Frank Scholderer (Corporate) sowie Partner Dr. Christian Keilich und Counsel Dr. Fabian Böhm (beide Real Estate) – alle Frankfurt.

Im Londoner Büro von Clifford Chance waren Partnerin Jane Cheong Tung Sing und Associate Nick Hobbs (beide Finance) tätig.