WARSAW – 31 March 2022 – Greenberg Traurig represented Bricks Acquisitions Limited in the sale of ROBYG S.A. to a wholly owned subsidiary of TAG Immobilien AG. Bricks Acquisitions Limited is owned by Goldman Sachs Asset Management together with funds advised by affiliates of Centerbridge Partners L.P. and ROBYG management.
ROBYG is the largest homebuilder in Poland and a leader in sustainable home development. Bricks acquired ROBYG in 2018 through a tender offer and subsequent delisting from the Warsaw Stock Exchange, in a transaction also advised by Greenberg Traurig.
“Congratulations to Goldman Sachs and Centerbridge, on the completion of this landmark transaction, which is yet another example of the great synergy between our acclaimed Band 1 practice areas - Real Estate and M&A. Completion of this transaction definitely sets the bar very high for the whole market in 2022. We are delighted that Greenberg Traurig has been representing our clients since the very beginning and their initial investment in ROBYG several years ago. The continuous trust of our clients allows us to handle projects of this scale and complexity,” said Partners Agnieszka Stankiewicz and Stephen Horvath in a joint statement.
The Greenberg Traurig team is led by Partners Agnieszka Stankiewicz and Stephen Horvath, principally supported by Local Partners Małgorzata Kercz on real estate and due diligence and Maciej Pietrzak on M&A. Partner Rafał Sieński and Associates Grzegorz Socha and Michał Bałdowski are responsible for capital markets aspects of the transaction, Local Partners Michał Bobrzyński and Filip Kijowski and Senior Associate Joanna Kuc provide advice on Polish law, Associate Dawid Malinowski on English law. Local Partner Maciej Kacymirow is responsible for tax matters and Partner Robert Gago and Associate Anna Bryńska for aspects related to competition. Berlin Managing Partner Peter Schorling provides advice on German law matters. Partner Jeffrey Ekeberg provides advice on US tax matters.
TAG Immobilien AG is a German MDAX listed real estate company with a market cap of c. EUR 3.7 billion as of 30 September 2021, operating in residential markets in Germany and Poland.