MergerLinks - Lone Star Funds completed the acquisition of 80% interest in CaixaBank real estate business.

Announced

28 Jun 2018

Completed

20 Dec 2018

Lone Star Funds completed the acquisition of 80% interest in CaixaBank real estate business.

Financials

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Transaction Value£3,568m

Consideration Type-

Capital Owned-

Capital Bid For80%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

vendor

CAIXABANK

target

Coral Homes

bidder

Lone Star Funds

Sources

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Approval

European Commision - 11 Oct 2018

Press Release

CaixaBank - 20 Dec 2018

Tags

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Real Estate Holding and Development

commercial real estate

Majority

Spain

Acquisition

Completed

Private

Natural

Private Equity

Single Bidder

Synopsis

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Lone Star Fund through Lone Star Real Estate Fund acquired 80% of CaixaBank real estate business for €3.97bn. Caixa bank portfolio of real estate owned assets consists of BuildingCenter of Spain, and of ServiHabitat Servicios Inmobiliarios of Spain. The CaixaBank Assets provide real estate management services for the Pacific Portfolio as well as other real estate properties, owned by CaixaBank or other companies.

Lone Star Funds completed the acquisition of 80% interest in CaixaBank real estate business.

vendor

target

bidder

Estefania Iceta

Juan Jose Berdullas

Luis Cases

Javier Pano Riera

Jordi Gual Sole

Gonzalo Gortazar Rotaeche

Manel Maragall de Gispert

Inigo Ramirez Roquette

Sara Orriels

Carla Daniels

Oscar de Santiago Torrente

Daniel Gonzalez