Vonovia SE (DB:VNA) agreed to acquire MH Grainger JV Sarl from Grainger Plc (LSE:GRI) and Heitman LLC for approximately €140 million on November 18, 2015. Grainger Plc will receive a total gross consideration of €48 million for its 25% interest in the MH Grainger JV Sarl. The transaction is subject to approval by Germany's Federal Cartel Office and is expected to close by December 31, 2015. Dido Laurimore, Tom Gough and Ellie Sweeney of FTI Consulting acted as PR advisors for Grainger Plc. Ernst & Young acted as financial advisor and provided due diligence for Vonovia. René Dubois, Alexander Goepfert, David Zafra Carollo, Maren Prigg, Maximilian Schulte, Christian Johnen, Dennis Lepczyk and Katharina Luther of Noerr LLP acted as legal advisor to Vonovia SE.

Vonovia SE (DB:VNA) completed the acquisition of MH Grainger JV Sarl from Grainger Plc (LSE:GRI) and Heitman LLC on January 1, 2016.