Kirkland & Ellis, alongside Hengeler Mueller, is providing legal counsel for the acquisition of Apleona Group, a comprehensive European real estate and facility management provider, by a consortium led by Bain Capital. The transaction, valued at €4 billion, entails the procurement of Apleona from the Parisian private equity firm, PAI Partners.
Apleona, with its headquarters near Frankfurt, Germany, employs over 40,000 people across more than 30 countries and has reported an annual turnover reaching €4 billion as of 2024. This transaction exemplifies a growing trend where private equity firms increasingly opt to sell to other asset managers rather than traditional corporate clients, as part of elaborate financial restructuring strategies.
At Kirkland & Ellis, Benjamin Leyendecker and Philip Goj from the Munich office, with support from the London office, lead the advisory efforts for Bain Capital. For those interested in a more detailed account, the full article can be accessed here.