CPI Property Group’s EUR 300 Million Subscription of Shares by Apollo

Clifford Chance was legal adviser to CPI Property Group. Allen & Overy advised Apollo Global Management, Inc.

The deal involved the subscription by funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, Inc. of new ordinary shares representing approximately 5.5% of CPIPG’s share capital for EUR 300 million.

CPIPG is the largest owner of income-generating real estate in the Czech Republic, Berlin and the CEE region with a property portfolio exceeding EUR 11 billion. The Group’s majority shareholder and founder Radovan Vítek also subscribed for 243,506,494 new ordinary shares of CPIPG at €0.616/share, increasing the Group’s equity by a further EUR 150 million. CPIPG will therefore have successfully raised EUR 550 million of equity from Mr. Vítek and the Apollo Funds together during the second half of 2021.

Apollo Global Management is a high-growth, global alternative asset manager and investor operating in North America, Europe, Middle East, Asia, Australia and Latin America. Apollo manages assets of approximately USD 481 billion in credit, private equity, and real assets funds.

The international Clifford Chance team was led by Prague Managing Partner and Head of Corporate Alex Cook (Picture). Alex was mainly supported by Senior Associate Vladimír Rýlich and Associate Tomáš Procházka. The Luxembourg team was led by Senior Partner and Head of Corporate and Capital Markets Christian Kremer, primarily supported by Senior Advisor Louis Mamère, Associate Konrad Kanaan, Counsel Udo Prinz, Senior Associate Yolanda-Alma Ghita-Blujdescu, with additional support from Partner Stefanie Ferring and Senior Advisor Yi Wang. The Frankfurt team was led by Partner Philipp Klöckner, supported by Counsel Nico Feuerstein and Associate Mira Zimmermann. The team also received support from colleagues in the London office.

Allen & Overy’s cross-border team was led by private equity partners Jacques Graas (Luxembourg) and Peter Banks (London), with the support of teams from across our wider network, including:
From the office in Luxembourg: partners Pierre Schleimer and Jean Schaffner; counsel Andreas Hommel, Franz Kerger and Sophie Balliet; senior associates Pol Theisen and Lukas Vondrich; and associates Sybille Vieille-Cessay, Samara Hiscock, Benjamin Dahan and Jacques Hoffmann.
From the office in London: partner David Oppenheimer; senior associate James Funder; and associates Sylvie-Anne Bond, Marc Van Heerden and Puja Bhagat.
From the office in Germany: partner Christian Hilmes; senior associate Marcus Gruehn; and senior transaction coordinator Oliver Ahnseel.
From the office in Poland: partner Michal Matera; counsel Piotr Przybylski; and associates Krystyna Fatyga and Mateusz Rydzewski.
From the office in the Czech Republic: partner Petr Vybiral; counsel Petra Mysakova; senior associate Jana Trhlikova; and associates Martin Bytcanek, Tomas Kafka, Lucie Cerna and David Bujgl.

Involved fees earner: Sophie Balliet – Allen & Overy; Peter Banks – Allen & Overy; Sylvie-Anne Bond – Allen & Overy; Martin Bytcanek – Allen & Overy; Lucie Cerna – Allen & Overy; Benjamin Dahan – Allen & Overy; Krystyna Fatyga – Allen & Overy; James Funder – Allen & Overy; Jacques Graas – Allen & Overy; Marcus Grühn – Allen & Overy; Christian Hilmes – Allen & Overy; Samara Hiscock – Allen & Overy; Andreas Hommel – Allen & Overy; Tomas Kafka – Allen & Overy; Franz Kerger – Allen & Overy; Michal Matera – Allen & Overy; Petra Mysakova – Allen & Overy; David Oppenheimer – Allen & Overy; Piotr Przybylski – Allen & Overy; Jean Schaffner – Allen & Overy; Pierre Schleimer – Allen & Overy; Pol Theisen – Allen & Overy; Jana Trhlikova – Allen & Overy; Marc Van Heerden – Allen & Overy; Sybille Vieille-Cessay – Allen & Overy; Lukas Vond?ich – Allen & Overy; Petr Vybíral – Allen & Overy; Alex Cook – Clifford Chance; Stefanie Ferring – Clifford Chance; Nico Feuerstein – Clifford Chance; Yolanda-Alma Ghita-Blujdescu – Clifford Chance; Konrad Kanaan – Clifford Chance; Philipp Klöckner – Clifford Chance; Christian Kremer – Clifford Chance; Louis Mamère – Clifford Chance; Udo Prinz – Clifford Chance; Tomáš Procházka – Clifford Chance; Vladimir Rylich – Clifford Chance; Mira Zimmermann – Clifford Chance;

Law Firms: Allen & Overy; Clifford Chance;

Clients: Apollo Global Management; CPI Property Group;

Giulia Di Palma

Author: Giulia Di Palma