Swiss Life Asset Management AG, I Squared Capital Advisors (Uk) Llp and Vauban Infrastructure Partners made an offer to acquire Aves One AG (XTRA:AVES) from Jörn Reinecke, Versorgungswerk der Zahnärztekammer Berlin K.d.ö.R., Versorgungswerk der Zahnarztekammer Nordrhein and other shareholders for approximately €170 million on August 6, 2021. Under the terms of the offer, the consortium will pay a price of €12.80 per Aves One share. Following a successful takeover, the Consortium intends to provide Aves One AG with additional capital of €100 million as well as potential further capital to optimize the capital structure of Aves One AG and finance further growth.

Aves One's shareholders holding a total of more than 85% of the shares have committed, subject to certain conditions, to tender their respective shares in the Tender Offer. The largest individual shareholders are the founding shareholder and Hamburg investor, Jörn Reinecke with around 29%, the pension fund of the Berlin Chamber of Dentists with around 21% and the pension fund of the North Rhine Chamber of Dentists with around 15%. The final terms and conditions of the takeover offer will be set out in the complete offer document, which will be published by the Bidder after approval by the German Federal Financial Supervisory Authority. As on October 13, 2021, the bidders in the voluntary public takeover offer for the shares of Aves One AG dated September 21, 2021, has today notified Aves One AG of its intention to seek the conclusion of a domination and profit and loss transfer agreement. This is subject to all offer conditions of the offer document published on September 21, 2021 being met, in particular the minimum acceptance quota of 85%. Bidders reserves the right to terminate the discussions on a domination and profit and loss transfer agreement at any time, in particular in the event of the option to implement a squeeze-out of the remaining shareholders of Aves One AG. The Management Board and the Supervisory Board of Aves One AG have recommended the transaction. At the end of regular acceptance period on November 9, 2021, 11.5 million shares were tendered thus the acceptance rate was 88.33% above the minimum acceptance threshold of 85%. As of November 15, 2021, all conditions of the takeover offer have been fulfilled. As of November 15, 2021, a further two-week acceptance period will take place. Shareholders of Aves One AG who have not tendered their shares to date can still accept the offer. On November 24, 2021, the majority takeover of Aves One AG took place as a result of a voluntary public takeover bid. The period begins on November 16, 2021 and ends on November 29, 2021.

Macquarie Capital acted as sole financial advisor and Thorsten Kuthe, Michael Neises, Boris Dürr, Katharina Prasuhn, Stefan Westerheide, Christopher Görtz, Judy-Anne Krug, Tilman Spancken, Florian Brombach, Bernd Weller, Patrick Müller, Stefan Jöster, Lutz Martin Keppeler, Fabian G. Gaffron, Sarah Slavik-Schulz, Susanne Stauder, Christoph F. Wetzler, Christian Appelbaum and Stefan Bretthauer of Heuking Kühn Lüer Wojtek acted as legal advisor to Aves One. Tobias Larisch, John Guccione, Conrad Andersen, Sebastian Gosla, Jan Höft, Jana Dammann de Chapto, Susan Kempe-Müller, Tobias Leder and Joachim Grittmann of Latham & Watkins LLP acted as legal advisor to Swiss Life Asset Management AG and Vauban Infrastructure. Jan Bauer of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to I Squared Capital Advisors (Uk) Llp. Lazard Ltd (NYSE:LAZ) acted as the financial advisor to Vauban Infrastructure Partners.