December 21st, 2024

Sernetz Schäfer Successfully Advises on the Takeover Process for Albis Leasing AG

Public takeover offers by private investors remain exceptional in the German capital market. The December 2024 takeover of Albis Leasing AG, a specialist in small-ticket leasing listed in Frankfurt and Munich, is one such case. Sernetz Schäfer advised the investor Rolf Hauschildt.

Albis Leasing Group

Headquartered in Hamburg, Albis Leasing supports SMEs in financing their business projects. Its business model focuses on high-margin small-ticket leasing contracts. The group’s segments include manufacturers/dealers, e-bike providers and Edeka retailers. As at 31 December 2024, Albis Leasing AG had total assets of approx. EUR 230 million. The group includes two BaFin-regulated financial services institutions offering finance leasing under the KWG.

Swift and Smooth Transaction

Anchor shareholder Rolf Hauschildt announced a voluntary takeover offer on 16 September 2024, at which time he held 29.73% of the shares. The offer document was published on 21 October 2024 with an offer price of EUR 2.80 per share.

Management and supervisory board supported the offer in their statutory statement, citing the adequacy of the offer price and the investor’s intention to ensure continuity and stability.

Shareholders tendered approximately 4.7 million shares (over 22% of the share capital), enabling Hauschildt to acquire a majority position of nearly 52%. The transaction was completed successfully by 20 December – within just three months.

In addition to the takeover proceedings under the WpÜG, an ownership control procedure under the KWG was required due to the increase of a qualifying holding in regulated entities. Sernetz Schäfer advised on both banking supervisory law and capital markets law. The team consisted of Dr. Thomas Eckhold, Thomas Klanten, Prof Dr. Frank Schäfer and Dr. Jonas Schürger.