Advent International, Centerbridge Partners and CPP Investment-backed Atlantic BidCo completed the acquisition of Aareal Bank for €2bn.

Advent International, Centerbridge Partners and CPP Investment-backed Atlantic BidCo, a non-controlled company indirectly held by funds, completed the acquisition of Aareal Bank, a international property specialist, for €2bn. “Aareal Bank Group has demonstrated that its strategy is viable even under very challenging conditions. We can achieve sustained profitable growth, even in a difficult environment. This is evident not least in our strong figures posted for 2022 and the first quarter of this year. We will continue to implement our strategy with the investors’ support, realising further potential across all segments of the Group over the next years, whilst maintaining our conservative risk policy,” Jochen Klösges, Aareal Bank CEO.