Advestra advises Ares on its add-on investment in Peach Group

Ares Man­age­ment Cor­por­a­tion, a glob­al altern­at­ive invest­ment man­ager that invests across Cred­it, Private Equity and Real Estate, sub­scribed for CHF 50 mil­lion man­dat­ory con­vert­ible bond issued by the real estate Peach Prop­erty Group.

Headquartered in Zurich, Peach is a property investor and developer focused on investments in Germany and publicly listed on SIX Swiss Exchange. The man­dat­ory con­vert­ible bonds will be issued at an issue price of 60% of the nom­in­al value which arith­met­ic­ally res­ults in a con­ver­sion price of the new Peach shares of CHF 18. The pay­ment of interests will be made cumu­lat­ively at matur­ity in Peach shares. Peach will use the pro­ceeds from the issue in full to repay debt and reduce its Group LTV by around 2.4%.

Advestra has advised Ares on all leg­al mat­ters relat­ing to the trans­ac­tion, includ­ing takeover law aspects. The team included partner Sandro Fehl­mann (pictured left), partner Thomas U. Reut­ter (pictured right), partner Roland Truffer, associate Fabi­an Wild and Selina Oes (all cap­it­al mar­kets, cor­por­ate/m&a).