Lincoln International advises the former shareholders of private bank Sal. Oppenheim on the sale of their 18.4% equity stake in listed IVG Immobilien AG

Frankfurt, 18 March 2010 - Solidas 3 S.A., a Luxemburg based holding company owned by the former shareholders of private bank Sal. Oppenheim, sells their equity stake of 18.4% - the largest single shareholding - in listed German real estate group IVG Immobilien AG ("IVG"), Bonn, to German real estate company MANN Immobilien-Verwaltung AG ("MANN Group"), Karlsruhe.

IVG, one of the major real estate companies in Europe, manages assets worth Euro 22.7 billion and is located with approx. 650 employees in 18 selected major German and European cities. With this network of local branches, IVG manages inter alia on-balance properties with a market value of Euro 4.5 billion. In northern Germany IVG constructs and operates underground storage caverns for oil and gas. In the fund segment IVG is the leading provider of tailored property funds for institutional investors.

MANN Group is a major privately owned real estate company with activities in Germany and the U.S. The group's real estate property consists predominantly of office and retail buildings. Furthermore, MANN Group holds the majority in listed German real estate company POLIS Immobilien AG.

Terms of the transaction were not disclosed.

Lincoln International AG was engaged by Solidas 3 S.A. as exclusive financial advisor on the sale of their equity stake in IVG.

For further information regarding this transaction please contact Dr. Michael R. Drill at +49 (69) 97 105 461.  

About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions and valuations on a wide range of transaction sizes. With 10 offices in Asia, Europe and North America Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at  www.lincolninternational.com

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