Latham Advises Hellman & Friedman and Blackstone on the Acquisition of Scout24

Transaction represents the largest-ever public-to-private deal in Germany.

February 15, 2019

Pulver BidCo GmbH, a holding company jointly controlled by funds advised by Hellman & Friedman LLC and affiliates of The Blackstone Group L.P., has announced its decision to make a voluntary public tender offer to the shareholders of Scout24 AG. Under the terms and conditions of the voluntary public tender offer, Scout24’s shareholders will receive €46.00 per share in cash. This puts a total equity value of €4.9 billion and a total enterprise value of €5.7 billion on the Company.

Latham & Watkins is advising Hellman & Friedman and Blackstone on M&A, debt, and equity finance matters, with a team led by London private equity partners David Walker and Huw Thomas and Düsseldorf corporate partners Niko Paschos and Tobias Larisch.

Latham previously advised Hellman & Friedman and Blackstone on the acquisition of Scout24 in 2013, and on Scout24’s subsequent IPO in 2015.

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