Bär & Karrer Ltd. | View firm profile
Ares Management Corporation (“Ares”), a global alternative investment manager, that invests across Credit, Private Equity and Real Estate, invested in Peach Property Group AG (“Peach”) by subscribing to approx. CHF 150 million of a mandatory convertible bond issued by Peach, a real estate company listed on SIX Swiss Exchange. With a shareholding of approx. 30 percent, Ares will become the largest single shareholder of Peach and will receive tailored governance rights at Peach, subject to EGM approval. The investment enables the financing of Peach’s recently announced acquisition of 10,250 apartments in Germany.
Bär & Karrer acts as legal advisor to Ares in this transaction. The team included Thomas U. Reutter, Sandro Fehlmann, Stefanie Walch and Carlo Hunter (all Capital Markets, Corporate & Commercial and M&A).