Clifford Chance has advised Goldman Sachs and UBS on the provision of a bridge financing facility for Deutsche Wohnen AG's intended voluntary public tender offer to acquire Austria-based conwert Immobilien Invest SE.

The transaction will be realised by means of a bridge financing facility of around EUR 900 million which will also serve to finance the acquisition of outstanding convertible bonds. Frankfurt-based Deutsche Wohnen AG is listed in Deutsche Börse's MDAX and is one of the largest publicly listed real estate companies in Germany. The conwert portfolio to be acquired chiefly comprises residential units located, inter alia, in Berlin, Dresden and Leipzig.

The Clifford Chance team comprised partner Alexandra Hagelüken and senior associate Dr. Katja Lehr (both Banking & Finance, Frankfurt), as well as partner Dr. André Schwanna, counsel Dr. Christian Vogel (both Corporate, Düsseldorf) and senior associate Dr. Axel Wittmann (Corporate, Frankfurt). Partner Dr. Marcus Benes and senior associate Dr. Nidal Karaman of Vienna-based law firm Eisenberger & Herzog advised on the Austrian takeover law-related issues regarding the transaction.