An international team of Goodwin lawyers advised funds managed by investment firm Castlelake, L.P. on its acquisition of the Gravity real estate portfolio from the financial investors Marcol and Marathon Asset Management. The transaction was structured as a combined share and loan acquisition and has been completed recently.
Marathon had acquired the loans relating to the Gravity Portfolio from Lloyds Banking Group as part of the Chamonix transaction in 2013. The Gravity transaction occurs in the frame of a sale of Marcol‘s German assets with a total value of more than €300 million.
Goodwin‘s team consisted of lawyers from the Frankfurt and London offices, and advised Castlelake on M&A and real estate aspects of the transaction as well as new financing provided by Credit Suisse.
The Goodwin team was led by partners Lars Jessen, Peter Junghänel, Stephan Kock and Heiko Penndorf and associates Maike Hoelty, Felix Krüger, Andreas Mallin, Martin Prokoph, Anja Maier, Catharina Englert and Dimitar Morfov in Frankfurt, and partner Simon Fulbrook and associate Ed Saunders in London.
The Frankfurt team has previously advised Castlelake on a number of successful transactions in the German market.