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New Deal


Announced

Completed

Starlight and KingSett completed the acquisition of Northview Apartment REIT.

Financials

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Transaction Value£3,701m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium12%
One Off Charge-

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Domestic

Private Equity

Completed

Single Bidder

Acquisition

Residential REITs

multi-family REITs

Majority

Friendly

Canada

Public

Synopsis

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Starlight, an investment management services provider, and KingSett Capital, a real estate investor, completed the acquisition of Northview Apartment REIT, a publicly-traded multi-family Canadian REIT, for $4.8bn. “This transaction provides significant value, certainty and liquidity to unitholders, while also allowing Northview to solicit superior proposals through a go-shop period of up to 60 days. Following an unsolicited approach from Starlight and KingSett, the Special Committee led extensive negotiations which resulted in this attractive transaction," Scott Thon, Northview Chair of the Board.

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