On 12 November, 2026, First Capital Partner GmbH (“Bidder”) decided to launch a voluntary public acquisition offer in the form of a partial acquisition offer to the shareholders of PATRIZIA SE, with the aim to reach a total shareholding in PATRIZIA of up to 73% (before cancellation of treasury shares). In this context, the Bidder and PATRIZIA have entered into an investment and downlisting agreement. The agreement provides that, subject to fiduciary obligations under corporate law, PATRIZIA willapply for the revocation of the admission of PATRIZIA Shares to trading on the regulated market (Prime Standard) and the inclusion of PATRIZIA Shares in the Scale segment of the open market (Freiverkehr) of the Frankfurt Stock Exchange.
Hengeler Mueller advised PATRIZIA on the transaction.
Hengeler Mueller team for PATRIZIA
Corporate/M&A: Emanuel P. Strehle, Theresa Lauterbach (both partner, both lead), Yero Sy, Florian Großmann (both associate, all Munich),
Capital Markets: Dirk Busch (partner), Caspar Haarmann (counsel, both Düsseldorf), Philipp Pauschinger (senior associate), Mark Küppers (associate, both Berlin),
FDI: Jan D. Bonhage (partner), Nikolaus Wallraf (associate, both Berlin),
Supervisory Law: Christian Schmies (partner, Frankfurt), Marvin Geisler (senior associate, Düsseldorf),
Antitrust: Sarah Milde-Lodde (partner, Munich).