Announced
Completed
Financials
Tags
Domestic
Private Equity
Completed
Single Bidder
Acquisition
Residential REITs
multi-family REITs
Majority
Friendly
Canada
Public
Synopsis
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.