Herzog Fox & Neeman represented Adler Real Estate AG, a publicly-traded German real-estate company, in its acquisition of a controlling stake in Brack Capital Properties N.V., a Dutch company whose shares and bonds are traded on the Tel Aviv Stock Exchange. The seller in the transaction is Redzone Empire Holding Limited, a company controlled by Mr. Teddy Sagi.

The transaction is subject to certain conditions precedent, including an anti-trust approval by the German regulator and completion of a Special Tender Offer by Adler for the purchase of an additional number of shares in the target. The total consideration in the transaction is approximately NIS 2 .5 billion.

The transaction involved numerous legal complexities, and was led by corporate partners Alan Sacks, Nir Dash and Asaf Nahum and associate Keren Nightingale.