Gazit-Globe Limited’s €1.4 Billion Acquisition Of Minority Stake In Atrium European Real Estate Limited

Kirkland & Ellis advised Gazit-Globe Limited on its recommended cash offer for Atrium European Real Estate Limited (“Atrium”), valuing Atrium at €1.4 billion.

Gazit and its affiliates currently own approximately 60.1% of Atrium’s issued share capital; the offer is in respect of the remaining shares not already owned directly or indirectly by Gazit and its affiliates.

The Atrium Group is a leading owner, operator and redeveloper of shopping centres and retail real estate in Central Europe. It specialises in locally dominant food, fashion and entertainment shopping centres in the best urban locations. These properties are located in Poland (64 per cent of the total market value of the Atrium Group’s portfolio), the Czech Republic, Slovakia and Russia, and with the exception of one, are all managed by the Atrium Group’s internal team of retail real estate professionals.

The Kirkland team was led by M&A partners David Fox (Picture), Matthew Elliott, Stuart Boyd and Rebecca Villarreal.

Involved fees earner: Stuart Boyd – Kirkland & Ellis; Matthew Elliott – Kirkland & Ellis; David Fox – Kirkland & Ellis; Rebecca Villarreal – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Gazit-Globe Ltd.;

Author: Ambrogio Visconti